Business Trends: New Leasing Standards


Course Description
The Financial Accounting Standards Board issued Accounting Standards Update 2016-02, Leases, in February of 2016 and the provisions of this update are coming into effect soon. Additionally, new transition options (ASU 2018-11) were issued in July of 2018. These new standards provide significant changes for leases that can be complicated depending on the complexity of the lease terms. It’s important to understand the potential impact the standards could have on your organization for both financial reporting and tax purposes.

 Learning Objectives:

  • Outline the basics of the standards updates
  • Discuss potential impact from changes
  • Identify possible action steps

Scot Phillips, CPA, Partner-in-Charge, National Assurance Office
Scot is a highly experienced public accountant, serving privately held companies including manufacturing, distributors, retailers and nonprofit organizations. His work includes audits, reviews and compilations of financial statements, interpretations of financial information and assistance with acquisitions.

Matt Neir, CPA, National Assurance Manager
Matt provides accounting compliance services to manufacturers, distributors, utilities, and nonprofit organizations. He also researches and presents on technical accounting topics to assist clients with their financial reporting issues and implementation of new accounting standards.

Andrea Mouw, JD, CPA, Partner-in-Charge Accounting Methods & Periods, National Tax Office
Andrea has more than 12 years of tax experience including federal, state, and international tax issues. She provides technical analysis and assists clients in resolving accounting method issues related to income and expense recognition, capitalization, cost recovery and inventories.

CPE Information
CPE Credits: 1
Field of Study: Accounting
Level of Knowledge: Basic
Delivery Method: Web-Based Group Session

Additional Information:
These are web-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.

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