Posted on 12/13/2016
Join us on Wednesday, December 14 from 1 pm to 2 pm Central Time for a webinar on the impact of FASB 842 on leased assets.
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update that affects the leases on assets such as real estate and manufacturing equipment. The update is intended to increase transparency and to improve financial reporting by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements.
Accruent’s Retail Industry Product Manager, Cameron Nokes, and Cresa’s Director of Consulting Services, Brian Ponchak will lead the webinar. Ponchak, formerly of PricewaterhouseCoopers, is a CPA with expertise in the commercial retail and restaurant industries. Ponchak will discuss how changes in lease accounting will impact internal and external stakeholders in financial reporting, and the most important factors in implementing a comprehensive FASB solution.
The webinar will provide an overview of the FASB changes and timeline, including the effect on Controls, Human Resources and Lease Administration. Other topics to be covered include key factors to consider when evaluating and adopting a solution, and managing reactions from investors, creditors, ratings agencies, business partners and other stakeholders.