The new lease accounting standards are set to become effective starting in 2022, which means privately held businesses and not-for-profit organizations need to be prepared to implement and apply the new standards to their business. Join UHY leaders on November 3 at 9am (CT)/10 am (ET) for a guide through this new and complicated implementation.
While COVID pushed back the effective date to 2022, privately held businesses and not-for-profit organizations are working right now to begin compliance with the lease accounting standards.
Adding to this complexity are the effects the pandemic has had on real estate footprints and leasing terms, which need to be accurately reflected on the balance sheet.
In a recent UHY survey, nearly half of U.S. manufacturing companies report that they are unprepared for lease standards. Join UHY leaders as we help guide you through this new and complicated implementation.
Michelle Felmlee, Partner | UHY LLP
Michelle is a leading member of the audit and assurance department with over 15 years of experience in public accounting. She specializes in providing audit and review services for both public and privately-owned companies, including reporting on internal controls. Michelle provides clients with timely communications regarding recent accounting developments, implementation of new accounting standards, appropriate application of GAAP and SEC reporting requirements.
Marc Lichtman, Partner | UHY LLP
Marc provides audit and business advisory services for clients ranging from private, entrepreneurial startups to publicly held, multinational clients. He has extensive knowledge includes assisting with public offerings, business acquisitions and divestitures, SEC reporting, and complex debt and equity transactions. Marc is one of the lead technical partners on accounting and auditing guidance.
Recommended CPE Credit: 1
Recommended Field of Study: Specialized Knowledge
Program Knowledge Level: Basic
Advanced Preparation: None
*To receive CPE credit attendees must attend the session via a computer or mobile device, dial in attendees will not qualify. All three (3) attendance verification polling questions must be answered, the survey at the close of the session must be completed, and your time in the session must be a minimum of 50 minutes in order to receive 1.0 CPE credits.
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UHY Advisors, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. National Registry of CPE Sponsors Number 109122.