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BDO Restaurant CFO Roundtable: The new lease accounting standard and its impact on restaurants

October 18, 2018
10:00 AM to 1:00 PM EST

Seasons 52
3819 Edwards Road
Cincinnati, OH 45209
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Alexa Harmon
(614) 573-7804
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  • Summary
  • Agenda
  • CPE Information
A hands-on workshop covering FASB Accounting Standard Update 2016-02, Leases.

FASB’s Accounting Standard Update (ASU) 2016-02 Leases (Topic 842) is effective for fiscal years beginning after December 15, 2019, for private companies, and interim periods within those fiscal years.

The pronouncement amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheet and making targeted changes to lessor accounting.

Now is the time to take action. It could take months to organize resources, gather relevant lease data, and implement new accounting policies.

During our workshop, we will work through a real life example of how to account for a lease under ASU 2016-02 and ensure you have the tools and knowledge to be able to apply the standard to your Company.
10:00 AM to 12:00 PM - Presentation and Workshop

12:00 PM to 1:00 PM - Lunch
Learning Objectives:
  • Describe the operational impact of the new standard
  • Apply those provisions to the restaurant and retail industries
  • Identify the main provisions of the new lease standard as contrasted with prior accounting requirements
  • Identify financial statement presentation and disclosures required by the new lease standard
Delivery: Group Live
Prerequisites: None
Advanced Prep: None
Credits: 2.0 CPE credits in the field of Accounting
Program Level: Overview
BDO USA, LLP 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: www.nasbaregistry.org