New Lease Accounting – Let’s Get Ready to Implement

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The delays are over: the FASB’s Accounting Standards Codification (ASC) 842 is now effective.

If your organization hasn’t yet adopted the new model, now is the time.

In this TRENDS webinar, a leading CPA explains how lease accounting changes under ASC 842 and how associations and nonprofits can transition from current practices most smoothly, quickly and effectively.

Register now for New Lease Accounting Standards: Let’s Get Ready to Implement.

In this one-hour webinar, Johnson Lambert partner and CPA Paul Preziotti helps associations and other nonprofits prepare for a successful—and beneficial—adoption of the FASB’s new ASC 842 lease accounting standards.

Putting leases into your balance sheet.  You’ll explore the impact of accounting for leases as assets or liabilities and walk through several real-life examples pertinent to nonprofits. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now for expert guidance on making the transition from current GAAP to the new lease accounting standards, including:

• What the new ASC 842 lease accounting model requires
• How your data collection, accounting practices and balance sheet must change
• Best practices nonprofits can follow to implement the new accounting standards most efficiently

You’ll come away from this webinar with a clear understanding of the new lease model under ASC 842 and how to integrate it into your accounting practices before year-end.

Register now for New Lease Accounting Standards: Let’s Get Ready to Implement.

Meet Your Webinar Leaders

Paul Preziotti, CPA, is a Partner for the multi-office CPA firm, Johnson Lambert LLP.  He is responsible for providing audit and consulting services to not-for-profit entities and employee benefit plans. He has significant experience serving as an advisor for organizations on a variety of issues including risk assessment, governance, compliance and internal control considerations. 

Paul received his Bachelor of Science in Accounting and bachelor’s in international business degrees from the University of Maryland, and he joined Johnson Lambert after graduating.  He is a frequent speaker on audit and accounting topics at various industry conferences and seminars.  He is an alumnus of the AICPA Leadership Academy, an honor for which less than 40 people are recognized nationally each year.   He received the GWSCPA’s 2018 Outstanding Member in Public Practice Award for his contributions to the growth and enhancement of the accounting profession. Furthermore, he is a current member of the AICPA’s Not-for-Profit Advisory Council and a past chair for the GWSCPA’s Nonprofit Finance & Accounting Symposium.  Additionally, Paul serves as a board and audit committee member for St. John’s Community Services, a board member for FAR and a member of the governance structure for the Radiation Effects Research Foundation.

Who Should Attend

This webinar is of value to associations and nonprofits. Attendees who will benefit most include:

• Chief Financial Officer
• Accounting Manager
• Board Member