New Lease Accounting Standard - Implementation Challenges and Best Practices


Online registration is closed. To register, please visit FEI's registration desk at the event location.

Learn about emerging technical accounting and reporting challenges companies are experiencing in implementing the new Lease Accounting standard.  Through extensive examples and discussion, this interactive workshop will help you better understand key challenging areas such as embedded leases, allocation of consideration, and lease modifications. Systems and internal control considerations will also be addressed.

Participants in this one-day interactive workshop will gain a deeper understanding of the fundamentals and implications of the new standard, and learn of emerging technical accounting issues that are being identified and addressed as companies proceed with implementation. The workshop will also explore the financial reporting and system challenges associated with implementing the new guidance. The workshop will incorporate extensive examples and a case study.


Topics to be covered:

  • Scope and definition of a lease
  • Separating contract components
  • Accounting for executory costs
  • Measurement of the liability and right-of-use asset
  • Classification – operating vs finance leases
  • Accounting for lease modifications
  • Other topics (e.g. build-to-suit transactions, impairments, subleases, foreign currency leases)
  • Lessor accounting
  • Presentation and disclosure
  • Comprehensive case study
  • Transition elections and reporting
  • Systems challenges
  • IFRS vs U.S. GAAP


Testimonials:
I enjoyed the class and interpretation of the Lease Standard. Reed’s agenda had a great flow and the examples he provided were helpful.

The class was a very organized, detailed overview of the leasing standard with reference to examples on the FRD. Reed was very knowledgeable and the class was interactive.

Registration includes course materials, continental breakfast and lunch.

CPE credits: 8 CPE credits in Accounting

Financial Executives International (FEI) 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 website: www.NASBARegistry.org.


Speakers

Mr. Reed Wilson

Technical Accounting and SEC Reporting Consultant
Advisory Member

Credits

8.00 CPE
Basic

Method

group-live

Field

Accounting

Prerequisites

none

National Registry of CPE SponsorsFinancial Executives International (FEI) 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For FEI CPE credits, one credit hour equals 50 minutes according to NASBA guidelines. Some states boards may differ on how many minutes constitute a credit hour. Contact your state board for more information. For more information regarding administrative policies such as complaint and refund, please contact our offices at 973.765.1029.