GSB Bringing Leases Onto the Balance Sheet

$225 Thursday, February 20, 2020 10:00 AM Register

The new leasing standard, Accounting Standards Update (ASU) No. 2016-02, Leases, became effective last year. In an effort to raise transparency and comparability, this standard will require entities to recognize assets and liabilities arising from most leases on the balance sheet, and as a result, most operating leases that were previously disclosed in the footnotes will now be recognized on the balance sheet. 

In this presentation, we will discuss how these changes will impact institutions’ financial statements and regulatory capital. We will also consider how this standard could impact borrowers and related loan covenants.

Presented by: Brent Schwantes

After this presentation, participants will be able to:

  • Identify key accounting requirements and other issues related to the new lease standard.
  • Calculate the asset and liability to be recognized for various leases.
  • Calculate the amount of expense to be recognized over the life of various leases.
  • Communicate these requirements and their potential impact to loan department employees and borrowers.

Target Audience: CFOs, Commercial lenders, credit analysts, loan documentation specialists, accountants

$225 Thursday, February 20, 2020 10:00 AM Register