GAAP Lease Accounting: Practical Problems And Solutions
Human Resources
100 Minutes
Friday, June 9,2023
01:00 PM EST
STA2023109
Overview
Although the new GAAP lease accounting rules only became mandatory for non-public companies in 2022, the current standards originated in an FASB proposal almost seven years ago and public companies have been grappling with them since 2019. As with most new accounting standards, unanticipated issues have arisen and some questions are still unanswered.
In this course we will cover the following topics:
- Determining Initial Direct Costs Under a Narrower StandardÂ
- The Sometimes Confusing Definitions Applicable to the New Standard
- Properly Determining Lease Components
- Dealing with Subleases
- Handling Variable Lease Payments
- Leases Acquired in the Purchase of a Business
- Sales-Leaseback Accounting
- Lease Accounting with Build-to-Suit Arrangements
Speakers
Chuck Borek
Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor-in-chief of the Law Review. He has been teaching professionally since 1989, including four years as an Associate Professor of Accounting and two years as a Visiting Assistant Professor of Law.? He has lectured throughout the U.S. and has conducted both live and Web-based seminars. Chuck's publications include: Legal Issues for Accountants and Auditors (BNA 2015); Borek's Maryland Business Planning Manual (MICPEL 2008); Hospital Accounting (BNA 2018), Contract Drafting and Review for the Maryland Lawyer (MSBA 2015); as well as numerous law review articles.
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