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Lease Accounting Fundamentals: Practical Approaches to Implementing the New Lease Accounting Standard Webinar


June 16
8:00 - 11:30 a.m.

CPE Credits



PICPA Member: $139 | Nonmember: $189

CLE Credit Add-On: $25

 More Information

Course No.
This webinar is a replay of a live course.


Gain an understanding of how the transition from operating leases to capitalization will affect companies of all sizes. Study the fundamental principles of the right-to-use model for capitalizing leases. Distinguish which lease contracts are scoped into and out of the standard. Learn how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants. Become familiar with the right-of-use, present-value model for capitalizing leases. Preview the transition and disclosure implications of the new standard. 


  • What was wrong with lease accounting?
  • The asset-liability approach to leases and its effect on the balance sheet
  • The effect of lease changes on covenants and likely lender reaction
  • What is a lease?
  • Real-life examples
  • Implementing the right-of-use approach model for lessees and lessors
  • Renewal, termination, and other lease-specific issues
  • Practical strategies to reduce the burden of implementation
  • Transition and presentation consideration rules will affect key accounting numbers



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


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