A Practical Approach to the Lease Accounting Standard

Mar 23, 2022 - 8:00 AM (ET) - Clark Construction Company - 3535 Moores River Drive Lansing, MI 48911
Hosted by Lansing, MI

About this Event

March 23, 2022

8:00 am - 9:00 am

Clark Construction

 

A Practical Approach to the Lease Accounting Standard 

 

This presentation will cover more than just the basics of the lease standard. Attendees will leave with an understanding of how to implement the lease standard, assess classification, impacts to  financial statements and covenants, and how to assess which discount rate to use.  

 

Learning Objectives

1. Understand how to implement the lease standard and the accounting

2. Understand the practical expedients that are available

3. Provide an understanding of how to determine the lease classification and what it means to your financial statements.

4. Understanding the discount rate, what rate to use, and what period to look at when determining the rate.

5. Understand the impact to covenants and Net Working Capital

 

Location

Clark Construction Company

3535 Moores River Drive

Lansing, MI 48911

Enter at the main entrance and go immediately downstairs to the right. Training Center is on the Garden Level.

 

CONTINUING EDUCATION INFORMATION

* CPE Credit: 1 hour

* Prerequisite: None

* Course Level: Basic

* Advanced Preparation: None 

 

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The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

 

 

Featured Speakers

Anson Martens, CPA 

Senior Manager - Audit

Plate Moran

Anson is an audit and relationship senior manager and has 9 years of experience. Anson currently manages multiple projects and deliverables across focused industries to meet and exceed client expectations and deadlines. He has focused his career on clients in the commercial space with a specialization in construction, manufacturing and distribution, and service companies. 

His consulting and audit experience includes due diligence consulting for buy and sell side business combinations and business combination GAAP accounting treatment,  a specialization in multi-entity consolidations, revenue recognition including a focus on percentage of completion revenue recognition, inventory valuations and impairment analysis, deferred tax analysis, benefit plan audits with specialization for Employee Stock Ownership Plans, and internal control assessments. He has a high focus on providing a practical approach in developing business solutions throughout the client relationship. This includes managing the entire audit process from planning, direct supervision of our teams, ensuring quality performance of audit procedures, and managing timely delivery to the customer. 

His industry focus has allowed him to connect and cultivate relationships with clients that go beyond the role of a traditional auditor by extending innovative business solutions gathered through observations during audits and cost-saving ideas obtained through his vast exposure to each industry and cross-industry experiences.

Price

Members: Free
Non-members: $45.00

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