The New Lease Accounting Standard: A Practical Guide for Associations and Nonprofits | Thompson grants

The New Lease Accounting Standard:
A Practical Guide for Associations and Nonprofits

Webinar • Wednesday, February 12, 2020 • 2:00 - 3:30 PM ET | Qualifies for 1.5 CAE

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Starting this year, the Financial Accounting Standards Board (FASB) requires public companies to start disclosing operating leases on their balance sheet as both assets and liabilities. By January 1, 2021, nonprofits must do the same.

This transparency marks a dramatic change from simply reporting leases as expenses on the income statement and in footnotes to the financials.

Will your organization have the practices and policies in place to comply?

Register now for The New Lease Accounting Standard: A Practical Guide for Associations and Nonprofits.

In this 90 minute webinar, RSM’s Doug Boedeker helps ready your nonprofit to have the right lease-accounting procedures in place when the new FASB/IASB changes take effect next January.

Practical ways to comply with dramatic changes.  You’ll  learn how to adapt current accounting practices to meet new requirements for disclosure on leases for office space and equipment. Nonprofit-specific scenarios help you avoid trial and error in handling leases as both assets and liabilities. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now for practical guidance on how the new accounting standard affects your organization, including:

  • How the new accounting standard differs from current practice
  • Why this new standard has been issued
  • Sample journal entries for typical office-lease scenarios encountered by associations and nonprofits
  • A checklist of what to consider as you work toward implementation

Remember, the new standard requires your organization to account for leases as both assets and liabilities. Let this webinar help you make sure you have the right processes in place by January 2021

Register now for The New Lease Accounting Standard: A Practical Guide for Associations and Nonprofits.

Meet Your Webinar Leaders

Doug Boedeker has over 25 years of professional experience and serves as an assurance partner with RSM US LLP.  Prior to joining RSM, Doug was a partner at the Washington, DC firm Tate & Tryon, where he specialized in providing audit, tax, and consulting services to a variety of nonprofit organizations.  Known as an entertaining and effective presenter, he has been a well-received speaker on numerous accounting topics at both national and local events.

Doug graduated summa cum laude from Susquehanna University in Selinsgrove, Pennsylvania with a Bachelor of Science degree in accounting while simultaneously completing the coursework for a second major in music business.

Who Should Attend

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

  • CFOs
  • Senior Finance Staff
  • Operations Staff
  • HR Staff

Don't wait, register your entire team today!

CAE Credits: All live webinar attendees are eligible for 1.5 CAE credit hours. Association TRENDS is a CAE Approved Provider. Our programs meet the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential. We will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.whatiscae.org

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