Hi CFMA ABQ members! CFMA will be hosting a round-table to discuss the upcoming changes to the lease standards. With the implementation date right around the corner Pulakos CPAs will be helping us all gain a better understanding of the changes and how we can prepare for 01-01-2020.
Overview: While revenue recognition has gotten all the attention, the upcoming changes in lease accounting standards could have a greater impact on accounting and financial reporting for many businesses. We will discuss the new standards and how they differ from current lease accounting. We will also discuss what these changes will mean for the financial statements and their users, as well as provide suggestions for a smooth implementation of the new standards. The session will be presented at a high level and will focus on the lessee side of the lease transaction, however there will plenty of time for discussion of specific topics or questions regarding the new standards that attendees might have.
This is a controversial and difficult topic so please join us and not only hear from the experts at Pulakos but your CFMA peers. This event is recommended for all CFOs, Controllers, accounting manager, bankers, sureties, and surety brokers. One hour of CPE will be provided for those that attend.
The Construction Financial Management Association (CFMA) 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
Main learning objectives: • Identify the impact of the new leasing standards • Understand the general provisions of the new leasing standards • Discuss how these changes will impact financial statements • Discuss best practices for implementation