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The Equipment Leasing and Finance Association (ELFA) and the Bureau of National Affairs (BNA) are hosting this live event based on the proposed revisions to lease accounting standards by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). The newly released discussion paper “Leases: Preliminary Views” contains the revisions as part of the FASB’s and IASB’s lease accounting project. The Discussion Paper (DP) is a guide to an eventual standard that will replace Statement of Financial Accounting Standards No. 13, Accounting for Leases (FAS 13), governing the accounting for commercial lease transactions in the United States. The implications of these changes are broad reaching; this web seminar will discuss how the changes will impact lessees’ balance sheets and overall business, and what lessees and lessors must do to prepare for these changes. Who Should Attend:
Accountants, CFOs, controllers, tax managers, treasurers, finance directors and others responsible for financial reporting activities, plus any business professional or advisor who must be familiar with the impact of accounting on their transactions or activities. Presentation Objectives:
The objectives of this 90 minute web seminar discussion include providing participants with a conceptual understanding and practical application of the following: - What does the Discussion Paper entail and how do the concepts embodied in the DP impact lessees' balance sheets and overall business?
- How will the proposals under consideration by standards-setters change the leasing and finance marketplace? What must lessees and lessors do now to prepare for these changes?
- What are the plans for changes to lessor accounting?
- When will these changes become effective?
Upon completion of this program, participants will be able to: - Understand changes to the current lease accounting standard and
- Identify how these changes will impact various industry sectors and businesses that utilize off-balance sheet financing in the acquisition of capital equipment
Recorded on June 23, 2009, this audio event is available on CD for purchase.
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