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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.

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.

106 minutes
Course Exam
Certificate of Completion
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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

MP3 Download

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

OnDemand Course

This course was last revised on August 30, 2021.

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

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     

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

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More Program Information

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 2021
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