Lease Accounting Conference 2018: Successfully Implementing the New Standard

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Chicago, IL • September 25-26:
1st 15 In-Person Registrants Take $600 Off!

Use Reference Code: CD18UX

Washington, D.C. • December 12-13:
1st 15 In-Person Registrants Take $600 Off!

Use Reference Code: CD18UX

These discounts apply to live, in-person events only.

Lease Accounting Conference 2018: Successfully Implementing the New Standard

CPE Credit: 16 Hours

Price: $1,445.00

NASBA Field of Study: Accounting

 

Overview

FASB’s New Lease Accounting Standard will greatly alter the accounting rules for leases and have a huge impact on most companies’ financial reporting. To prepare you for these significant changes, we are pleased to present our two-day Lease Accounting Conference.

You'll receive the latest updates on FASB's New Lease Accounting Standard and its expected impact on you and your company, along with the latest, real-world tested success strategies to handle all of these major new changes.

This specialized conference will feature a practical learning approach with interactive case studies. Attendees will have the opportunity to understand the implementation questions the FASB and IASB have been receiving, and have any questions answered directly by the experts.
 

AGENDA HIGHLIGHTS

•  Overview of the New Leases Standard

•  What is a Lease? An In-Depth Look

•  Key Definitions and Concepts Under the New Leases Standard

•  Separating Lease and Non-Lease Components

•  A Deep Dive Into Lessee Accounting Under the New Standard

•  A Deep Dive Into Lessor Accounting Under the New Standard

•  Certain Transactions (Lessors and Lessees)

•  Transition and Disclosure

•  Current Developments in Lease Accounting

•  What Your Company Should be Doing Now for a Smooth Transition to the New Standard:
   Practical Implementation Matters

•  What Your Company Should be Doing Now for a Smooth Transition to the New Standard:
   Practical Implementation Matters (Systems, IT, Software)

•  Impact of the New Rules on Tax Accounting

 

LEARNING OBJECTIVE  To update accountants and other financial professionals on FASB/IASB’s recent and upcoming rule changes regarding accounting for leases, while providing practical advice and proven effective techniques for handling these changes.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.    NASBA FIELD OF STUDY  Accounting.    DELIVERY METHOD  Group-Live.

 

This program is also available via live webinar
Lease Accounting Conference 2018: Successfully Implementing the New Standard Webinar

Agenda

DAY ONE AGENDA*


Deluxe Continental Breakfast & Registration
8:00 – 8:45 AM

Welcome & Opening Remarks
8:45 – 9:00 AM

Overview of the New Leases Standard
9:00 – 10:00 AM
The New Leases guidance was issued by the FASB in February 2016. This session will provide an overview of the New Leases Standard under US GAAP.
• Background, effective date and transition
• Model overview from a lessee’s perspective
• Model overview from a lessor’s perspective
• Portfolio approach, capitalization threshold    

• Accounting model for certain transactions—related party, sale and leaseback, build-to-suit
• US GAAP (ASC 842) vs. IFRS (IFRS 16)
• Preparing for a smooth transition

Break
10:00 – 10:15 AM

What is a Lease? An In-Depth Look
10:15 – 11:30 AM
Companies often enter into arrangements that may contain embedded leases. This session will provide an in-depth discussion about what a lease is and how to identify it, along with several interactive examples and case studies.
• What is the definition of a lease?
• How to identify a lease
  – Decision tree walk-through
  – Illustrative practical examples 
  – Interactive case studies to give you practical experience in how to apply the New Leasing model

Key Definitions & Concepts Under the New Leases Standard
11:30 AM – 12:00 PM
This session will give you a working knowledge of the key definitions and concepts under the New Leases Standard that will help you understand the lessee and lessor lease accounting model, including: 
• Commencement date
• Lease term
• Lease payments
• Initial direct costs
• Discount rate

Luncheon
12:00 – 1:00 PM

Separating Lease & Non-Lease Components
1:00 – 2:15 PM
An arrangement may contain lease and non-lease components. This session will help you identify and separate lease and non-lease components from a lessee’s and lessor’s perspective, along with practical examples.
• What is a component?
• Identifying lease and non-lease components
• Mechanics of how to calculate consideration in the contract and allocate it to lease and non-lease
  components
• Interactive practical examples to illustrate how separation and allocation actually works

Break
2:15 – 2:30 PM

A Deep Dive Into Lessee Accounting Under the New Standard
2:30 – 3:45 PM
The New Leases Standard will impact lessees significantly. In this session, we will discuss the lessee accounting model in detail.
• Lease classification and financial statement impact
• Recognition and measurement
• Asset impairment
• Reassessment requirements
• Modification
• Lessee accounting practical examples and interactive case studies

Break
3:45 – 4:00 PM

A Deep Dive Into Lessor Accounting Under the New Standard
4:00 – 5:15 PM
There are certain changes to the lessor accounting model that may have a significant impact on lessors. In this session, we will discuss the lessor accounting model in detail.
• Lease classification and financial statement impact
• Recognition and measurement
• Asset impairment
• Modification
• Day 1 loss situations
• Lessor accounting practical examples and interactive case studies

Cocktail Reception
5:15 – 6:15 PM

 

DAY TWO AGENDA*


Deluxe Continental Breakfast
7:45 – 8:30 AM

Certain Transactions (Lessors & Lessees)
8:30 – 9:45 AM
There are significant changes to the accounting model applicable to certain transactions which will impact lessors and lessees. In this session, we will discuss these transactions and their accounting in detail.
• Sale and leasebacks
• Build-to-suit leases
• Subleases
• Related-party transactions
• Interactive practical examples to illustrate the concepts

Break
9:45 – 10:00 AM

Transition & Disclosure
10:00
 – 11:15 AM
Companies will need to address transition issues under the New Leases Standard. The New Standard also requires enhanced qualitative and quantitative disclosures by both lessees and lessors. In this session, we will discuss transition, presentation and disclosure in detail.
• Transition method       
• Practical expedients        
• Lessee transition including:
  – Operating leases
  – Capital leases
  – Sale-leasebacks
  – Build-to-suits     
• Lessor transition including:
  – Sales-type leases
  – Direct financing leases
  – Operating leases
• Disclosures
  – Lessee qualitative and quantitative disclosures
  – Lessor qualitative and quantitative disclosures 

Current Developments in Lease Accounting
11:15 AM – 12:15 PM
Hear the latest developments regarding the New Standard. There will be plenty of time for questions.

Luncheon
12:15 – 1:00 PM

What Your Company Should be Doing Now for a Smooth Transition to the New Standard: Practical Implementation Matters 
1:00 – 2:15 PM
Learn from real-life experiences of others who are dealing with:
• Transition issues created by the New Standard’s major accounting changes
• Practical problems being faced implementing the New Lease Accounting Standard

Break
2:15 – 2:30 PM

What Your Company Should be Doing Now for a Smooth Transition to the New Standard: Practical Implementation Matters (Systems, IT, Software)
2:30 – 3:30 PM
Discover how the New Lease Accounting Standard will impact your company’s:
• Systems and processes
• Data gathering and inventorying leases
• IT implementation and software-related issues

Impact of the New Rules on Tax Accounting
3:30 – 4:30 PM
This session will focus on the computation of deferred taxes, including ASC 740 issues. It will also discuss the effects on other tax liabilities, including sales and use taxes, among others.

Conference Ends
4:30
PM
 

* PLEASE NOTE: Session topics and times are subject to change based on location and speaker availability. Please call 1-800-544-1114 for specific agenda details.

 

This program is also available via live webinar
Lease Accounting Conference 2018: Successfully Implementing the New Standard Webinar

Speakers

CONFERENCE SPEAKERS


Jaclyn Bachman, Senior Director, Marriott International, Inc.

Sima Basher, Associate Director, Bristol-Myers Squibb

Barry Berkowitz, Technical Accounting, Google

Germaine Cota, Assistant Corporate Controller, LinkedIn

Kristine Deringer, VP of Technical Accounting, Discovery Communications, Inc.

Shannon Detling, Director, PwC, LLP

Louis Fanzini, SVP Deputy Controller, Vonage

Andrew Fiorenza, Director of Accounting Policy, Comcast Cable Communications

Jonathan Gunn, Manager, PwC

Steffany Hajek, SVP of Accounting Policy, Bank of America

Ashima Jain, Managing Director, PwC

Jeffrey Keene, Audit Partner, BDO USA, LLP

Colleen Kinealy, Director, KPMG

Allen Ku, Senior Manager, PwC

Ross Linderman, Partner, KPMG

Emily Liu, Partner, PwC

Holly McKenzie, Advisory Partner, PwC, LLP

Joey Prast, Partner, Deloitte

Brian Rose, Partner, Deloitte Tax LLP

Paul Shilling, Director of Corporate Accounting, Starbucks

 

This program is also available via live webinar
Lease Accounting Conference 2018: Successfully Implementing the New Standard Webinar

 

Workshop

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Forum

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Location

CPE INC. has reserved a block of rooms at preferential rates. To make your hotel reservation,
call CPE INC. or the hotel’s reservation department and ask for the CPE INC. special room rate.

 

Conrad Chicago
101 East Erie Street
Chicago, IL 60611
(312) 667-6700

 

Hilton McLean Tysons Corner
7920 Jones Branch Drive
McLean, VA 22102
(703) 847-5000

 

This program is also available via live webinar
Lease Accounting Conference 2018: Successfully Implementing the New Standard Webinar