Restaurant MasterClass: Transitioning After the New Lease Accounting Standard Implementation

The new lease accounting standard, ASC 842, is now effective for fiscal years beginning after December 15, 2021, for companies reporting under US GAAP. With year-end fast approaching, have you implemented ASC 842, or do you need a refresher on what is required to be compliant by the end of the fiscal year 2022? Keep in mind that following initial implementation, there are intricacies to the standard for the ongoing maintenance and evaluation of existing leases and setting up new leases signed during 2022.

Join our Assurance Director Dustin Minton and Assurance Senior Manager Kristin Romaker as they discuss best practices and processes to ensure you have a smooth transition following ASC 842 implementation. Topics to be discussed include, but are not limited to:

• A brief overview of ASC 842
• Lease technology solutions, classification and remeasurements
• Evaluation of the right of use asset for impairment
• Financial reporting and disclosures

This webinar qualifies for 1.0 hour of CPE based on Ohio CPE requirements.

Please note our webinar sessions can accommodate a maximum of 250 individuals. Should you experience difficulties accessing the live broadcast, it is likely due to reaching attendee capacity. For your convenience, a recording will be made available on our webinar recording webpage following the presentation.