SAN FRANCISCO
The new Leasing Standard has finally been issued. The new guidance standardizes how companies should account for leases under U.S. GAAP and IFRS. This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure and impacts. There will be plenty of implementation examples and a detailed case study.
LEARNING OBJECTIVES:
- Review the latest changes in key areas
- Work through a number of practical examples
- Begin to assess the effects of the new standard on your company or clients
REGISTRATION INFORMATION:
We have a limited block of rooms available at $239 per night on a first come basis.
Cost: $795 (save $200 off the regular price of $995 if you register by September 20th).
This year’s event will be held at San Francisco Airport Hilton Bayfront .
You can also register by phone 610 789-3110
or Email questions or to be invoiced to: mtarman@acslive.com
| Agenda: DAY 1 | ||
|---|---|---|
| 8:00 | 8:45 | Continental Breakfast and Registration |
| 8:45 | 10:15 | Introduction of New Leasing Standard History and Background of New Standard Shortcomings of current lease accounting Lease: Identification, Scope and Definition Short Term Leases/Practical Expedient Contract Combinations Portfolio Approach |
| 10:15 | 10:30 | Break |
| 10:30 | 12:15 | New Leasing Standard Continued - Plus Common Examples Separating lease and nonlease components Discount rate Initial direct costs Reassessment Modifications Asset Impairment Sale and leaseback transactions Build to suit transactions |
| 12:15 | 1:15 | Lunch |
| 1:15 | 2:30 | Practical Considerations: A Postmortem Review Introductions Project Management Implementation Issues What Obstacles We Faced and What We Would Have Done Differently Q&A |
| 2:30 | 2:40 | Break |
| 2:40 | 3:30 | Tax Issues Why does it matter for tax New issues to consider Examples Next steps |
| 3:30 | 3:35 | Break |
| 3:35 | 5:00 | Lessons Learned in Initial Implementation Impact of project was underestimated Some of more challenging areas include: identifying lease population, data abstraction, implementing a platform for ongoing reporting and identifying processes and controls for applying the requirements |
| Agenda: DAY 2 | ||
|---|---|---|
| 8:45 | 10:15 | Case Study by Connor Group This morning session will include detailed case studies and examples to take you through the practical applications of the new lease accounting rules. |
| 10:15 | 10:30 | Break |
| 10:30 | 12:15 | Case Study by Connor Group - continued |
| 12:15 | 1:15 | Lunch |
| 1:15 | 2:45 | Accounting by Lessors Lessor Model Presentation Disclosures Examples |
| 2:45 | 2:55 | Break |
| 2:55 | 4:15 | Additional Examples of New Rules |
| Conference Series Speakers Include: |
|---|
| Ashima Jain PwC, Managing Director National Office |
| Lee Mills Microsoft, Group Finance Manager |
| Justin Silva RSM, Tax Senior Manager |
| Donald Thomas KPMG, Director |
| Caroline Yan Connor Group, Senior Manager |
| Dominick Kerr Connor Group, Technical Accounting Director |
| Michael Ussery Kral Ussery LLC, Partner |