Overview

The new lease accounting standard is effective for all non-public entities beginning with year ends ending after December 15, 2022. This new standard will change the way entities report leases on company’s financial statements. It’s important to understand how this new standard will affect a company’s financial statements and how the outside users of the financial statements will be impacted.

Learning Objectives

After completing this session, participants will be able to:

  • Understanding of what is considered a lease under the new standard
  • Determine whether the lease is a finance or an operating lease
  • Understanding how to account for the different types of leases
  • Understand how the new lease standard will impact financial ratios

Presenter

Robert Mercado, Partner, Assurance Servics, Marcum LLP

CPE CREDITS

Program Description

New Lease Accounting Standard is Here, Are You Ready?

Important Notice Regarding CPE:
Learning Objectives

After completing this session, participants will be able to:

  • Understanding of what is considered a lease under the new standard
  • Determine whether the lease is a finance or an operating lease
  • Understanding how to account for the different types of leases
  • Understand how the new lease standard will impact financial ratios
Instruction Delivery Method Group Internet Based
Recommended CPE Credit 1 hour
Recommended Field of Study Accounting
Prerequisites None
Program Level Basic
Advance Preparation None
Cancellation Policy You may cancel your registration at any time prior to the event.
Complaint Resolution Policy For more information regarding refund, concerns and program cancellation policies, please contact our offices at brandon.ferris@marcumllp.com.

Marcum LLP 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.