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Bill & Ray's Guide to Navigating Lease Complexities Webinar


Oct. 13
12:30 - 4:00 p.m.

CPE Credits



PICPA Member: $139 | Nonmember: $189

CLE Credit Add-On: $25

 More Information

Course No.
This is a 4 credit webinar


Understand how the lease standard addresses reassessment, termination, and impairment. Become familiar with Excel templates to ease the transition to capitalization. Learn how to separate lease and nonlease elements in contracts. Hear how lessor accounting is affected by the revenue recognition standard. Learn practical strategies to deal with related-party, informal leasing arrangements. Appreciate the independence challenges for CPAs in lease implementation. Preview the transition and disclosure implications of the new standard.


* Lessons learned from public company adoption * Lease accounting templates such as FASB’s display approach * Implementation issues: software versus spreadsheets * Accounting for services in lease contracts * Lessor accounting - Limited changes? * Renewal, termination, impairment, and other lease-specific issues * Transitioning from existing lease accounting and easing the implementation burden * Independence challenges in implementing the lease standard * Cash and tax basis – When is it a better approach? * Income tax consequences of the lease standard


William G. Engelbret, CPA, PhD
Associate Professor
Pennsylvania State University

William G. Engelbret is an Associate Professor of Accounting at Penn State Altoona, where he has taught for three decades. Recently, Dr. Engelbret served as the Head of the Division of Business and Engineering at Penn State Altoona for nine years. He holds a BA in Accounting from Thiel College, an MBA from the University of Pittsburgh, and a PhD in Accounting from the Pennsylvania State University. He is a licensed CPA. He has received numerous teaching awards from Penn State including the prestigious George W. Atherton Award for Excellence in Teaching. He has published a number of articles, a book, and a television series. Bill is a member of the American Institute of Certified Public Accountants (AICPA) and the Pennsylvania Institute of Certified Public Accountants (PICPA).

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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