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GASB 87: Implementing The New Lease Accounting Standard In Governmental Entities Webinar

CPE

When
Nov. 5
9:00 a.m. - 12:30 p.m.

CPE Credits
4-A&A

Details

 Pricing

PICPA Member: $139 | Nonmember: $189


 More Information

Course No.
768403
Level
Update
Prerequisites
None
Note
Taught by the course author!

Description

Understand how the transition from operating leases to capitalization affects governmental entities, as well as the similarities and differences between ASU 2016-02 and GASB 87. Learn to separate lease and non-lease components, and the lease capitalization model for lessors. Review GASB’s implementation guidance.

Highlights

  • The asset-liability approach to leases and its effect on the balance sheet
  • Definition of a lease
  • The control approach to analyzing leases
  • The effect of lease classification on covenants and debt arrangements
  • Embedded and short-term leases
  • Analyzing lease payments, incentives and options
  • Implementing the present value, right-of-use approach
  • Renewal, termination, and other lease specific issues
  • Sale-leaseback, lease-leaseback, and intra-entity leases


Speaker(s)

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.


 


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