Please note the shift in day of the month and location for this program:  The third WEDNESDAY at DESERT WILLOW CONFERENCE CENTER

This session will cover the new lease accounting model that will be effective for all non-public company’s preparing financial statements under U.S. GAAP for fiscal years beginning after December 15, 2021. Learn what is needed to evaluate potential impacts on your company, including changes to systems and processes, what data to gather, judgments to make and document, and how to record the lease-related transaction.   Areas of focus will include: purpose and scope of the new lease accounting model, recognition and measurement considerations, financial statement presentation and disclosures, transition and effective date.

Learning objectives:

·         Learn practical application of the new lease accounting model from a lessee’s perspective, including key elements that will affect identification, recognition and measurement of lease arrangements

·         Understand the financial statement presentation and disclosures required of lessees under the new accounting model

·         Recognize transition matters that may affect the business (including potential impact on banking and bonding requirements) and the steps that should be taken now to prepare for implementation.

Lindsey Benson, CPA, CCIFP

Audit Senior Manager

CBIZ & Mayer Hoffman McCann

Jared Asay, CPA, CCIFP, CEPA

Financial Partner

Conover Asay CPAs