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Live Webinar

100-minute live streaming program
  • August 30
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

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

August 30

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

The new lease accounting standards affect all companies and organizations – public and private, large, and small. ASC 842, GASB 87 and IFRS 16 require leases to be represented on the balance sheet. Any financial changes or adjustments must also be captured and identified. These new lease accounting standards have created a significant undertaking for organizations. Now, they must properly manage their portfolio to be able to identify and collect all their real estate and equipment leases. They need to extract detailed, accurate and reliable data so they can calculate the ‘right of use’ assets and related lease liabilities. Because of the complexity of the calculations, this is no easy task. This topic will help you gain a better understanding of the new lease accounting requirements and how to comply with them.

Learning Objectives

  • You will be able to recognize key elements of and the purpose behind the new lease accounting standards.
  • You will be able to identify the financial components of leases for accounting purposes.
  • You will be able to explain the work required to achieve compliance.
  • You will be able to discuss how lease forms should change in response to certain situations.

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Why Lorman?

Over 34 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 Lease Accounting Changes?
  • The Importance of Leases
  • A Look at the New Lease Accounting Standards
  • How Lease Accounting Impacts Leases
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
  • Standardized Lease Forms
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Why Lorman?

Over 34 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 Course

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.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Specialized Knowledge 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.0 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CPAs, CFOs, controllers, presidents, vice presidents, finance directors, tax managers, bookkeepers, business owners, and managers.

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Why Lorman?

Over 34 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

  • Founder and CEO of KBA Lease Services, a consulting company that pioneered and leads the field of auditing real estate leases for commercial tenants
  • Founder and CEO of Visual Lease, the #1 lease optimization software provider for managing, analyzing, streamlining, and reporting on lease portfolios
  • Instrumental in shaping the foundation of lease accounting standards in the industry, and also serves as a thought leader on GASB 87, ASC 842 and IFRS 16
  • Regarded as “top-rated faculty” at CoreNet Global Learning, often lecturing on lease topics at New York University’s Real Estate Institute, American Bar Association, Association of the Bar of the City of New York, Practicing Law Institute, ICSC, the Institute of Internal Auditors and other venues
  • Active member of the New York and New Jersey Bars
  • J.D. degree, Georgetown University Law Center; B.A. degree, Temple University
  • Can be contacted at [email protected] or www.visuallease.com
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Why Lorman?

Over 34 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.

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Product ID: 409156
Published 2019, 2021
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