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Wednesday, November 3, 2021 Live Webcast

Lease Accounting: The Impact of Changing Standards on Both Lessors and Lessees (E2111342)

9:00 AM - 10:40 AM EDT

Registration: 8:30 AM EDT


Vendor Platform

2.0 CPE Credits in AA


The effective date for ASU 2016-02, Leases (Topic 842) is rapidly approaching. The new standard eliminates one of the largest forms of off-balance sheet accounting, but requires most leases to be brought onto the balance sheet (whether classified as a financing or operating lease) as well as mandates other changes in lease accounting for both lessees and lessors. This course will discuss the impact of these changing standards on both parties and will discuss recently issued or proposed updated guidance related to this new standard. These changes will be effective for public companies for periods beginning after December 15, 2018, with all other entities having an extra year for implementation. So now is the time to get up to date on all that is going on with regard to this topic.

This course features a live instructor and has been specifically designed for the NJCPA.


Practicing CPAs and accounting professionals in business and industry that prepare and review or audit financial statements


  • Identify finance lease transactions, including both lessor and lessee perspectives.
  • Understand the proper accounting and financial reporting treatment for operating and finance leases.
  • Describe how lessor accounting is influenced by revenue recognition and measurement concepts.
  • Explain important transition issues from the current to new standards  .


  • Outcomes of the recent FASB and IASB Joint Project related to Leases
  • Differentiating between accounting and reporting requirements for operating and finance leases
  • Evaluating possible material misstatement related to lease recognition, measurement, presentation and disclosure




Basic understanding of U.S. generally accepted accounting principles,




Robert Bedwell

Robert P. Bedwell, CPA

Bob is an accounting and finance professional with over 38 years of audit and accounting experience. Bob’s experience includes a full range of corporate accounting and assurance services, including financial statement preparation, auditing, SEC reporting, mergers and acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data. He is currently controller at Progressive Care, Inc. Bob has been a discussion leader on numerous topics for Surgent Professional Education, the Florida Institute of Certified Public Accountants and the American Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills. Subject areas for which Bob has served as a discussion leader (and, in some cases, author) include: professional ethics; fraud risk; and a variety of accounting and auditing overviews and standards updates. Bob received his Bachelor of Science in Accounting and Finance from Upsala College in East Orange, New Jersey, and has also earned a Masters in Accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants. He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.


$99.00 - Member

$136.50 - Nonmember

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Note: Online pre-registration will close on November 3 at 8:30 AM.


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