The Financial Accounting Standards Board ("FASB") and the International Accounting Standards Board ("IASB") issuing the new lease accounting standards will affect finance, real estate and information technology executives involved in compliance. The changes are expected to have a significant impact on companies’ balance sheet especially for companies that lease real estate. Knowing the latest developments will help you get ready for the requirements that will come along with the new rule.

Join the distinguished group of accounting and compliance practitioners as they walk us through the fundamentals of the proposed standards and their potential impact on your business. The panelists will address the following in a two-hour LIVE webcast brought to you by The Knowledge Group.

• New rules for leasing assessment including accounting rule modifications
• Impact of the new rules in the industry
• Best Practices implementing the new rules
• Advance preparation to comply with the new rules - What to look ahead for the future of lease structuring
• Up to the minute regulatory updates

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124356
NASBA Field of Study: Accounting – 2.00 credit hours
Course Fee: $199 - $249 (Early Bird Discounted Rate - on or before 05/24/2013)
                       $299 - $349 (Regular Rate - registration after 05/24/2013)
                       $149 (Government / Nonprofit Rate)
                        (Please click here for details)

 

Agenda  (click here to view more) Louis J. Battagliese Jr., Partner, Jackson Cross Partners, LLC - Assembling the data and building process for analysis and compliance - Differences between technology solutions: ERP, IWMS and Lease Admin point solutions - Strategic portfolio considerations related to Own vs. Lease - Potential challenges with Ground Leases and Single Tenant Net Leases Marc A. Maiona, Managing Member, CyberLease, LLC 1. Overview of the two new lease accounting models – similarities and differences. 2. Evaluating competing leases on basis of full financial statement impact. 3. How changes in lease structure can alter balance sheet and income statement presentation without changes to total rents. 4. Understanding how subjective issues in new standards (i.e., “significant economic incentives”), affect the accounting. 5. Transitioning to the new standards: best practices to support objective, auditable results Scott Williams, CPA, Partner , Gilliam Coble & Moser LLP • Three examples introduction, all lessee of real estate cases • Critical new lease standard’s concepts, terms and expressions related to three cases • Case one – manufacturing plant lessee with terms and rates specified – illustrate measurement and presentation • Case two – extension of case one, with later modifications – illustrate related changes to measurement and presentation • Case three – real estate lessee with short term rental with no contract extensions, but expectation of continuing lease

Who Should Attend?

- CFOs
- CEOs
- Controllers
- Financial directors
- Investment Bankers
- Lawyers
- Accountants
- Compliance Officers

Why Attend?

This is a must attend event to anyone interested in learning the significant issues surrounding the proposed lease accounting standard.

- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from experienced practitioners & thought leaders
- Interact directly with panel during Q&A

Enroll in this course today by clicking the "Register" button below. Significant discounts apply to early registrants. Advanced registration is advised as space is limited.

(Click here for information on group registrations and discounts)

** Discounts apply for early registration

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.

 

 

 

 

Preparing for Changes in Lease Accounting Standard
LIVE Webcast
Partner Firms:

The JCP Advisory Services Group specializes in lease abstraction and portfolio administration for large and complex portfolios. The group has worked with a number domestic and global portfolios ranging in size from 100 to 18,000 properties. As a result of this experience, Mr. Battagliese and the team are recognized leaders in the field of data integration and validation for Integrated Workplace Management Systems (IWMS).

Most recently, JCP has been working with clients to advise, analyze and model the impacts of the proposed changes to lease accounting standards by the IASB and FASB. This tactical experience has uniquely positioned Jackson Cross Partners at the forefront on this important topic.

CyberLease, LLC, the nationally recognized lease auditing and lease accounting firm, is headquartered in Irvine, California. Founded in 1989, CyberLease was one of the first lease compliance firms to fill the need of commercial tenants who needed to obtain expert and independent lease audit services. CyberLease’s principals have previously worked directly for or represented commercial property owners in leasing, property management or asset management capacities. This translates into faster and more amicable audit resolutions for our clients and their landlords.

Since its founding, CyberLease has become the recognized leader in its industry. This is evidenced by continuing invitations to address leading industry organizations such as BOMA, CoreNet, IREM, IFMA and other real estate organizations. Additionally, many of the largest real estate brokerage and law firms in North America have retained CyberLease to instruct their professionals on the realities and nuances of operating expenses and their corresponding lease provisions as well as the proper lease accounting treatments. With the advent of the new lease accounting rules from the FASB and IASB, CyberLease’s lease accounting expertise has been called upon by countless firms and practitioners across the real estate and accounting fields.

Since 1946, Gilliam Coble & Moser’s (GCM) mission has been to understand their clients’ particular circumstances and deliver exactly the expertise they need to reach their objectives. Audit and income tax services are GCM’s foundation. This firm specializes in privately owned manufacturing businesses and serve distinctive non-profit organizations. Their unique services include business valuations, fraud & investigative services and international taxation. GCM also has a Retirement Plan Services team that provides plan administration and consulting, including plan correction in the event of noncompliance. .

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The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. "We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changing regulations."

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