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


Robert Mercado, Partner, Assurance Servics, Marcum LLP