New Lease Accounting Standard–Find out how it will affect contractor’s financial statements!
Register for the June 4 NASBP Virtual Seminar, “How The New Lease Accounting Guidance Will Affect Contractor’s Financial Statements,” held from 2-3 p.m. ET. Speakers David Jean and Gisèle Couturier from the CPA and Business Consulting firm of Albin, Randall & Bennett in Portland, ME will explore the most significant change resulting from the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-02. The standard requires that lessees put nearly all leases on the balance sheet by recognizing a right-of-use asset and a lease liability, but implementation is upon public business entities that must adopt the lease standard for annual reporting periods beginning after December 15, 2018. All other entities are required to adopt it by the following year. This seminar will provide a high-level overview of how financial statements will be affected by the new guidance, including the effect on various performance metrics. Host this NASBP Virtual Seminar for your construction clients or share with them how they too can register to participate in this live or recorded NASBP Virtual Seminar. Register. This Virtual Seminar is sponsored by Old Republic Surety.