Implementing FASB's New Lease Standard: Examples and Practical Approaches

May 23
12:30 - 4:00 p.m.

Regional Learning Alliance
Cranberry - Map

4-A&A
CPE Credits

Understand how the transition from operating leases to capitalization will affect your company or clients, no matter the size. Hear practical implementation strategies to ease the process.
Highlights
* Fundamental principles of the right-of-use model for capitalizing leases * Present value of capitalizing leases * Lease contracts * Asset-liability approach to leases and its effect on the balance sheet * Effect of lease changes on covenants and likely lender reaction * Lease accounting * Implementing the right-of-use approach for lessees and lessors * Renewal, termination, and other lease-specific issues

Registration

PICPA Member: $125
Nonmember: $175

More Information

Course No. 745000 Level: Update

Prerequisites: None

Notes
* Taught by the course author! * This is a four-credit afternoon seminar (12:30 - 4:00 p.m.; 12:00 p.m. registration).

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance

Dr. Ray Thompson, CMA, CFM, CBA

Dr. Ray Thompson is Emeritus Associate Professor of Accounting & Finance at the University of Pittsburgh. He served as department head at the UPJ campus for over 25 years. He was also Associate Director of UPJ’s Entrepreneurial Development Assistance Project, where he was involved in financial consulting and assisting in preparing loan proposals for small business start-ups.

He has taught in graduate and undergraduate business programs in Europe, Africa and the US. He received his B.S. and M.S. degrees in Economics and Systems Dynamics from the University of Bradford in the United Kingdom, his M.B.A. in Accounting from Xavier University of Ohio, and his Doctor of Business Administration from Nova University. Ray is also certified in Financial Management and is a Certified Management Accountant and Certified Business Appraiser. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.

Ray is a professional educator and writer. He authors and conducts professional development seminars for Fortune 500 and international corporations, multinational financial institutions, State CPA Societies, and CPA firms throughout the US. In addition to these live seminars, he also produces both recorded and written courses for self study. He also provides business valuation services and consults with accounting firms and sole practitioners on a range of accounting issues in the area of valuation. Ray was part of the George & Ray team which offered Accounting & Auditing courses for over 20 years.

Ray is a member of the Institute of Management Accountants and the Institute of Business Appraisers. He is also a faculty associate member of AICPA and PICPA, and is a member of the Financial Reporting Faculty of ICAEW. He lives in Bedford County, PA, and can be reached at (814) 839-0143 by phone or at drrayt@verizon.net.