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.
Andrea Mouw, JD, Partner
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, including identifying and adopting appropriate accounting methods and filing accounting method change requests (Form 3115). Andrea also provides guidance regarding the Section 199 domestic manufacturing deduction and is familiar with the rules regarding the taxation of financial products and alternative investments.
Scot Phillips, CPA, Partner
Scot joined the firm in 2002 and is a highly experienced public accountant, serving privately held companies, employee benefit plans, governmental entities and nonprofit organizations. His work includes audits, reviews and compilations of financial statements, interpretations of financial information and assistance with acquisitions. Scot is a recognized leader in his field, as well as in his community, participating in many local business and professional associations.
Matt Neir, CPA, National Assurance Sr Manager
Matt has been with Eide Bailly for over eight years. He provides accounting and assurance services to manufacturers, distributors, utilities, and nonprofit organizations. He spends much of his time planning, performing and supervising financial statement audits for organizations with net revenues ranging from $10 million to $500 million. Matt is knowledgeable in both U.S. Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), Public Company Accounting Oversight Board (PCAOB) and Securities and Exchange Commission Standards (SEC). He performs financial analysis to assess the reasonableness of significant estimate areas and uses this analysis to help management evaluate performance. Matt researches and analyzes accounting issues and presents findings, both verbally and in writing, to management and others within the organization.
CPE Credits: 1
Field of Study: Accounting
Level of Knowledge: Any Level
Delivery Method: Group-Internet Based
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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