Live Educational Webinar
Finance: New Lease Accounting 101
Price: FREE
May. 30, 2017 Tuesday
11:00 AM - 12:00 PM (Pacific)
1 Hour
Registration for this event is currently closed
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Free Live Webinar

  • Free CPE
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  • Expert-instructor-led learning with live Q&A
  • Based on a great course on Illumeo
Joseph Ori CEO, Paramount Capital Corporation
This webinar will provide a basic understanding of the new lease accounting rules pursuant to Accounting Standards Codification Topic 842 issued in February 2016. ASC 842 makes substantial changes to the accounting for leases primarily for the Lessee. A lease conveys the right to the Lessee to control the use of identified property, plant or equipment for a period of time in exchange for consideration to the Lessor. For the Lessee, leases are either Finance leases or Operating leases. The Lessee will record a right of use asset and lease liability for all leases with a term greater than one year.

A Finance lease must meet one of five requirements, four of which are similar to prior capital lease accounting. If a lease is not a Finance lease, it’s an Operating lease. Most leases of equipment will be Finance leases and space leases will be Operating leases. For the Lessor, a lease is either an Operating lease, Direct Financing lease or Sales-Type lease. In general, the accounting for the Lessor has not changed substantially from the prior rules. Accounting for leases from both the Lessee and Lessors perspective will be analyzed as well as lease straight lining, advantages and disadvantages of leasing, financial statement disclosure and the financial impact of the new rules.

Learning Objectives

After attending this event you will be able to:
Gain a basic understanding of the new accounting rules pursuant to ASC Topic 842.
Understand the accounting for Finance and Operating lease for Lessees.
Understand the accounting for Operating, Direct Financing and Sales-Type leases for Lessors.
Calculate right of use asset, lease liability, interest expense and amortization of the leased asset.

Speakers

Joseph OriCEO, Paramount Capital Corporation
Joseph Ori
CEO, Paramount Capital Corporation
Joseph J. Ori, is President and Chief Executive Officer of the company and is responsible for all business of the company. Mr. Ori is a highly accomplished real estate and corporate finance executive with significant knowledge and experience is all facets of commercial real estate including; investment, finance, capital markets, development, capital raising, management, brokerage and advisory services. Mr. Ori has completed more than $3,200,000,000 in real estate/corporate finance transactions since 1981. As a real estate executive, Mr. Ori has been a decisive leader with proven success in capital raising, deal structuring, investment strategy and strategic planning for producing profitable growth for both start-up and large real estate organizations.
Moderated by: Khoa TranOperations Manager, Illumeo
Moderated by: Khoa Tran
Operations Manager, Illumeo
Khoa is in charge of live event operations at Illumeo and has led the preparation and execution of hundreds of live events on various finance, accounting and related topics across the Office of the CFO. You could say his job is a lot like learning finance and accounting for a living. Khoa is primarily responsible for ensuring great content, delivery, and learning for each of Illumeo's webinars and live events.