Time is running out to comply with the new lease accounting and revenue recognition standards. Many companies have underestimated the significance of the changes and the amount of effort required to implement the new guidance. Has your business fully assessed the potential impact these new guidelines could have on your organization and your financial statements?
Join Thompson Hine’s Kevin Oles and Clark Schaefer Hackett’s Brad Eberhard and Tiffany White as they provide an update on the new lease accounting and revenue recognition standards. The presentation will cover:
- An overview of the new standards
- A description of how the changes differ from current guidance
- A review of exclusions and exceptions
- FASB’s 5-Step model for revenue recognition
- An analysis of how changes could impact your financial statements and bank covenants
- Examples of the new guidance in practice
- Guidelines for how and when to begin the implementation process
