Speaking Events

Collemi Consulting & Advisory Services, LLC believes in the importance of actively participating in the profession and staying ahead of current trends and issues that impact those involved in U.S. and international financial reporting and auditing.  Salvatore A. Collemi, CPA is regarded as an industry leader and subject matter expert by various organizations and media outlets.

Mr. Collemi is a dynamic and engaging speaker, facilitator and educator. Whether you need him to serve as an opening keynote speaker to set the tone for a conference or trade show or provide expertise on a panel or break-out session, he is accustomed to speaking on a wide range of timely and relevant technical U.S. and International accounting, auditing, quality control, independence and ethics topics. He can work with conference organizers and CPE sponsoring organizations to customize any topic to meet attendees’ educational needs.

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Lease Accounting Implementation

October 15 @ 12:30 pm - 4:00 pm

$149.00

Private companies and other nonpublic reporting entities must soon adopt the new accounting standard for leases, FASB ASC Topic 842.  This 4-hour afternoon program focuses on a lessee’s initial application of Topic 842 to existing leases, which will require the immediate attention of nearly every nonpublic reporting entity.

In this practical, hands-on workshop, participants will learn how to apply “Day 1 accounting” under Topic 842 to their identified transition population of leases.

Credits: 4.0

Level: Basic

Prerequisities: Prior exposure to lease accounting as a lessee as well as an understanding of how to determine the transition population of leases under the new standard will be helpful.


Objectives

Participants will be able to:

  • Determine the term of each transition-population lease
  • Determine the relevant remaining payments associated with each lease in the transition population
  • Calculate the initial liability for each operating lease in the transition population
  • Determine the initial accounting adjustments for each transition-population lease
  • Document a lessee’s initial application of Topic 842

Highlights

  • Managing the risks of material misstatement
  • Time-saving practical expedients
  • Calculating present value for a lease’s remaining payments
  • Examples of documentation that will avoid internal-control deficiencies and maximize audit efficiency

Who Will Benefit

CPAs, accountants, and other financial professionals in industry who have a role in helping their organizations transition to Topic 842.

Details

Date:
October 15
Time:
12:30 pm - 4:00 pm
Cost:
$149.00
Event Tags:
,
Website:
https://www.nmscpa.org/cpe/018349MB-lease_accounting_implementation

Venue

Group Internet Based
NJ United States

Organizer

New Mexico Society of CPAs
Website:
https://www.nmscpa.org

For information on booking Salvatore A. Collemi, CPA as a special guest speaker for your next event, contact us today.