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Not-For-Profit Industry Webinar | Preparing for the New Lease Accounting Standard

Wednesday, August 24, 2022 8:30 am - 9:30 am

Wednesday, August 24, 2022Is Your Business Prepared for the Security Implications of the “Internet of Things?”

Now that the new lease accounting standard is effective for all organizations and companies, it is time for not-for-profit organizations to assess their preparedness for adoption. Starting with reporting for calendar year-end entities, the December 31, 2022 financial statements will be the first time the new lease accounting standard is required to be presented. Is your organization ready?

This webinar provided insight on what you need to know about the new lease accounting standard and how to prepare for implementation.

Agenda items included:

  • The definition of a lease, how it is classified, and the lease term under the new accounting standard
  • Discount rate considerations and recent changes to provide more options on the discount rate used
  • Implementation considerations, resources, items to look for, and the available practical expedients


Click here to download the slides from the presentation.

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