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The New Lease Accounting Standard: Impact on Retailers and Restaurants

June 14, 2018
1:00 PM to 2:00 PM EST

Kate Blakemore
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  • Summary
  • CPE Information
  • Presenter
It's been two years since FASB issued its highly anticipated standard on leasing, and companies can no longer ignore the approaching compliance deadline. The new standard takes effect in 2019 for public companies and 2020 for other entities. If you haven't already taken action, now is the time. It could take months to organize resources, gather relevant lease data, and implement new accounting policies. For many companies, the new requirements may also result in the need to upgrade and/or implement new lease management and accounting systems.
 
This complimentary webinar will provide a technical and practical overview of the standard from the perspective of the lessee, with an emphasis on the areas that will most create challenges for retailers, restaurants and other consumer businesses.
Learning Objectives:
  • 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
  • Describe the operational impact of the new standard
Delivery: The webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.0 CPE credit in a 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
Angela Newell, National Assurance Partner – BDO USA