Lease Accounting Update: FASB Accounting Changes
4 p.m. Eastern, Thursday, April 6
Presented by Brett Steffen, controller, and Joe Terfler, executive vice president & CFO, GreatAmerica Financial Services
There has been a buzz in the industry around Financial Accounting Standards Board (FASB) lease accounting changes, but what do they mean for office technology providers and their customers? In February 2016, the FASB issued a new lease accounting standard (Topic 842). The main difference between the current guidance and Topic 842 is that operating leases will be recorded on-balance sheet for financial reporting purposes. During this webinar, Steffen and Terfler will provide a brief background of the lease accounting rules and discuss some of the reasons leading to the changes in the new standard. They will review the changes in the new standard and discuss the potential business impacts of the changes.