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New Lease Accounting Standard – Implementation Challenges and Best Practices

March 20, 2018
10:00 AM - 6:30 PM
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Ernst & Young LLP
5 TImes Square
New York, NY 10036

Presenter: Mr. Reed Wilson, Technical Accounting and SEC Reporting Consultant, Advisory Member

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 imbedded 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 logic 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 (including discussion of emerging issues for each) 

  • 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

Registration includes presentaiton slides and handouts, plus continental breakfast and lunch.
CPE credits: 8 Acounting

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.

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