Thursday, August 6, 2020
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
The new lease accounting standard will be effective starting in 2019. At adoption, many operating leases that are currently off-balance sheet will be recognized on the balance sheet.
During this leasing webinar, we will:
- Discuss the accounting requirements for recognizing leases in the financial statements
- Review key changes to sales-leaseback accounting that will impact regulatory capital
- Discuss the transition rules for recognizing leases in the period of adoption
- Consider the impact this standard will have on borrower financial statements and related loan covenants
Brett Schwantes CPA
Brett Schwantes has over 20 years of experience working closely with financial institutions and is the leader of the Technical Issues Committee for the financial institutions practice of Wipfli LLP. He has received specialized training on accounting for a number of complex issues such as derivatives and fair value measurements of financial instruments, which has allowed him to better understand the unique problems and challenges this industry faces and to advise financial institutions on a variety of accounting and regulatory issues. Brett also consults with clients on the impact of new accounting standards and how best to implement them to avoid negative consequences whenever possible.
1.0 CPE Credits & 1.2 AAP Credits