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Implementing the Lease Accounting Standard
October 5, 2021 @ 11:00 am - 12:00 pm
The accounting for leases is changing significantly. Soon, nearly all leases will need to be disclosed as a liability on the balance sheet. Although the biggest impact will be on large entities, this will affect the financial statements of small and mid-size entities as well.
Join us for a 1-hour live webinar discussing Implementing the Lease Accounting Standard.
Speaker: Adam Kellerhals
Adam Kellerhals, CPA is a Principal in the audit department at Smith Schafer. He joined the firm in 2007 after receiving a Bachelor of Arts in Accounting and Management from Luther College. Mr. Kellerhals uses his knowledge and expertise to improve processes and helps owners and stakeholders move forward with confidence in their financials.
“The goal is to work with clients throughout the year, not just frantically at year-end when a due date is looming. I want to help improve internal client processes that help them better track financial progress throughout the year and help them be better prepared for year-end.”
This 1-hour webinar covers many topics of lease accounting under ASC 842, including:
- Applying the new financial accounting concepts of leases.
- Accounting rules as they apply to leases.
- Disclosures and transition rules.
- Sample financial statement presentation and disclosures.
- Ratio benchmark changes.
Who should attend?
Business owners, CFOs, controllers, accounting managers, or other key individuals responsible for the business decisions or accounting functions within your organization.
Spots are limited so reserve your seat today!REGISTER HERE
About Smith Schafer:
Smith Schafer & Associates is one of Minnesota’s largest accounting firms with over 100 team members in the Twin Cities, Rochester, and Red Wing offices. We are mostly known for helping local businesses grow with accounting, tax, and consulting solutions. People often refer to us as a helpful business advisor. We provide proactive solutions, deep expertise, and personal relationships, allowing you more time to work on growing your business. As an award-winning CPA firm, we have been featured on Forbes Top Tax Firm list and awarded Best of Accounting Client Satisfaction by ClearlyRated. With more than 50 years of experience, Smith Schafer has vast experience across a broad range of industries including construction, transportation, manufacturing, professional service firms, and more. Click here to learn more about Smith Schafer.