Total Credits: 1 including 1 Accounting - Technical
Does your business or your clients lease warehouse space, equipment, or vehicles? Do you or your clients have service contracts, supply agreements, or contract manufacturing arrangements? If so, you are likely to be impacted by the effects of the upcoming implementation of the new lease standard, ASC 842. After being delayed for a year, the standard is now effective for all non-public business entities for reporting periods beginning after December 15, 2021. Manufacturing companies, in particular, face some significant challenges in implementing the standard, given the volume and diversity of leased assets in the industry.
|Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB)||Available after Purchase|
|Lease Accounting and its Effect on Manufacturing Handout (1.4 MB)||Available after Purchase|
Joel is a senior manager in the audit department at Maner Costerisan in Lansing, Michigan. He has over eight years of experience in the audit department, primarily with for-profit entities in manufacturing and construction industries. Joel graduated with High Honors from Michigan State University with a Bachelor of Arts in Accounting and Master of Science in Accounting. He is a member of American Institute of Certified Public Accountants and Michigan Association of Certified Public Accountants. He earned his Certified Construction Industry Financial Professional designation in February of 2022.
Kasey joined Maner Costerisan in 2015. She is a Manager in the Audit Department and has over six years of experience auditing telecommunications entities as well as governmental organizations. She is a member of the firm’s Telecommunications and educational services groups. She graduated from Madonna University with high honors obtaining a Bachelor’s degree in accounting and has a Master’s in Business Administration. She is also a member of the Michigan Association of Certified Public Accountants.
Fri, Apr 21, 2023 - 08:00am to 09:04am MDT
A basic understanding of the current treatment of leases under ASC 840
All industry professionals, private or public.
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