Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Bridging the GAAP: The New Lease Accounting Standards, Lease Drafting and Negotiations

Gain a better understanding of the new lease accounting requirements and how to comply with them.

In April 2016, after many years of deliberations, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued new rules that required companies to put all real estate and other leases on their balance sheets. These new GAAP and IFRS rules, which started going into effect this past January have wreaked havoc in the industry. Because every company needs certified financial statements, and because time is running short, companies have adopted technology and assembled SWAT teams to get them into compliance. This topic helps accounting, legal and corporate real estate professionals gain a better understanding of the new rules and how to comply with them. It will outline some of the more important nuances in the rules, and some industry best practices in identifying, organizing and tracking leases in order to report on them reliably and consistently. This information is critical for attorneys, accountants and general real estate practitioners who work with companies that need to report their financial statements on a GAAP or IFRS basis.

Runtime: 104 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What's the Fuss About the FASB Lease Accounting Changes?

  • Need to Increase Transparency Around Financial Statements
  • All Leases Need to Be Put on the Balance Sheet
  • Lease Financial Components Need to Be Identified and Separated

How Are Companies Handling the Changes?

  • Locating and Organizing Leases
  • Adopting New Technology
  • Working With Advisors

How Should Lease Forms Change in Response?

  • Clearly Identify Rent Components
  • Standardizing Lease Forms
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 6, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Marc E. Betesh, Esq., MCR.h

Marc E. Betesh, Esq., MCR.h

Visual Lease -KBA Lease Services

  • Founder and President, Visual Lease -KBA Lease Services, a consulting company that pioneered and leads the field of auditing real estate leases for commercial tenants
  • Founder and President, Visual Lease, SaaS technology company focused on lease administration and lease accounting
  • Member of CoreNet, ICSC, Association of the Bar of the City of New York, New York State and American Bar Associations
  • Consistently ranked among the Top-Rated Faculty at CoreNet Global Learning
  • Frequent lecturer on lease topics at New York University’s Real Estate Institute, Practicing Law Institute, Association of the Bar of the City of New York, ACREL, Lorman Education, New York State Society of CPAs, National Retail Tenants Association, ICSC and the Institute of Internal Auditors
  • Author of numerous articles regarding commercial leases, operating expense/CAM clauses and lease accounting
  • Contributor and authority on the FASB changes to lease accounting
  • J.D. degree, Georgetown University Law Center; B.A. degree, Temple University
  • Can be contacted at 732-596-8111, [email protected], or www.visuallease.com
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 406541
Published 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!