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Webcast:  Implementing FASB’s New Lease Standard: ASU 2016-02 Accounting for Leases- Examples and Practical ApproachesWebcast: Implementing FASB’s New Lease Standard: ASU 2016-02 Accounting for Leases- Examples and Practical Approaches

$110.00 (USD)

The recently issued lease standard represents a radical departure from previous lease guidance. Many financial statements will recognize potentially significant assets and liabilities for the first time,. The impact will be uneven depending on the business and the reaction of their creditors. This course aims to guide participants in understanding how the new standard will affect their company or clients and the practical implementation strategies which might ease the burden of transition.

Credits: 4
Estimated Length: 4 hour(s)
Valid for: 12 Month(s)


Name View Schedule
Web Meeting1. Implementing FASB's New Lease Standard: ASU 2016-02 Accounting for Leases - Examples and Practical Approaches View Schedule


Upon completion of this webcast, participants will be able to:
  • Identify how the transition from operating leases to capitalization will affect companies of all sizes
  • Explain the fundamental principles of the right to use model for capitalizing leases
  • Distinguish which lease contracts are scoped into and out of the standard.
  • Recognize how the balance sheet treatment of leases will alter financial statement numbers, ratios, and loan covenants
  • Identify the right of use, present value model for capitalizing leases
  • Review the transition and disclosure implications of the new standard
  • What was wrong with lease accounting?
  • The asset-liability approach to leases and its effect on the balance sheet
  • The effect of lease changes on covenants and likely lender reaction
  • Implementing the right of use, approach model for lessees and lessors
  • Renewal, termination and other lease specific issues
  • Implementation and transition considerations
  • Accounting (2 Credits)Auditing (2 Credits)
  • Dr. Ray Thompson, CMA, CFM, CBA
  • Prior learning or experience in lease accounting
  • Update
  • Online Webcast


Ray's Biography:   

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.

Dr. Thompson 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.

Dr. Thompson is also certified in Financial Management and is a Certified Management Accountant, a Certified Business Appraiser and holds Accredited Valuation Analyst credential from NACVA. He recently became certified in International Financial Reporting Standards though the Institute of Chartered Accountants in England and Wales.  Dr. Thompson 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. Dr. Thompson 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.

Dr. Ray Thompson, CMA, CFM, CBA
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