Presented by Shawn Husband and Financial Executives International
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FEI’s Committee on Corporate Reporting has an engaged Working Group that focuses and monitors the latest developments in Leases (Topic 842/IFRS 16). Shawn Husband, Chair of the Leases Working Group, will lead a discussion and debrief of the Working Group’s most recent meeting and participate in Q&A on technical accounting, process, implementation and systems.
Topics covered at the meeting include:
- FASB Staff update on ASC 842 Outreach project (potential revisions to standard or matters requiring clarity or education)
- Latest topics addressed by the largest accounting firms and comments on SEC presentation at AICPA conference
- Topics discussed from attending companies:
- Implications of upgrading an underlying asset (lessor accounting)
- Consideration of fair value when a portion of an asset
- Held for sale accounting impact on ROU asset depreciation
- Determining fair value of land leases
- Questions on how handle dual GAAP markets with both US GAAP and IFRS/local standard
- One policy or multiple
- IBR questions by local auditors in IFRS markets
- External audit centralized or decentralized
- Outsourcing
- Statutory accounting centralized or decentralized
- Low value exemptions
Reserve your place and have the opportunity to ask your questions on these topics, and any other topics of interest surrounding the new lease accounting standards.
Questions? Contact FEI's Professional Development Department at [email protected] or 973.765.1029
By registering for this professional development event, you provide consent to FEI to share your contact information with the organizer/sponsor, who may use it to communicate directly regarding this opportunity and/or other products/services.