Home / Webinars / Understanding the Lease Standard Update and the Impact on Not-for-Profits

Understanding the Lease Standard Update and the Impact on Not-for-Profits

May 26, 2022
12:00pm
- 1:00pm

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Please note: CPE is only available for live webinars. CPE is not available for webinars on-demand.

We hope you can join us virtually as we discuss the current effective lease standard and how it impacts your not-for-profit. The standard requires all leases with lease terms over 12 months to be capitalized as a right-of-use asset and lease liability on the statement of financial position at the date of the lease commencement. Leases will be classified as either financing or operating. This distinction will be relevant for the pattern of expense recognition in the statement of activities.

Learning Objectives:

  • Understand the primary changes related to ASU 2016-02 Leases
  • Distinguishing between financing and operating leases
  • Determining the impact on the financial statements

Meet the Presenter

Michael Cullum is a member of the firm’s Not-for-Profit and Construction & Real Estate groups. His experience includes leadership of all aspects of client service for audits, reviews, compilations and consulting engagements for many organizations in these industries. 

Webinar Details​

Date
May 26, 2022
Starts
12:00 PM
Ends
1:00 PM

Guidance

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