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How Will the FASB’s New Guidelines Impact Your Accounting?
June 12 @ 12:00 pm - 1:00 pm MDT
New guidelines from the Financial Accounting Standards Board require lessees to recognize most leases on their balance sheet through an asset and corresponding lease liability. This could impact your ratios and certain covenants.
- Understand the scope of underlying principles of Accounting Standards Codification Topic 842, Leases
- Identify leases
- Distinguish operating leases from finance leases
- Present leases on your balance sheet, income statement, and statement of cash flows
Chief Financial Officers
Scot R. Phillips, CPA, Partner, Director of Audit & Assurance, Eide Bailly LLP
Scot joined the firm in 2002 and is a highly experienced public accountant, serving privately held companies, employee benefit plans, governmental entities and nonprofit organizations. His work includes audits, reviews and compilations of financial statements, interpretations of financial information and assistance with acquisitions. Scot is a recognized leader in his field, as well as in his community, participating in many local business and professional associations.
Monday, June 10; 12:00 p.m. MDT