Leasing

Date: Tuesday, June 28, 2016
Time: 03:00 PM ET / 02:00 PM CT / 01:00 PM MT / 12:00 PM PT [Prevailing Time]
Presenter(s): James Edward (Ed) Grossman, Principle, CliftonLarsonAllen LLP
Learning Objectives:
How do the leasing requirements in the FASB’s newly issued ASU 2016-02 differ from current GAAP? This session addresses that question by examining the core principles of the new standard and it’s guidance for the identification, recognition, measurement, presentation and disclosure of leases. Any entity, including cooperatives, that enters into a lease will be affected by these new rules. It’s not too early to start planning for their implementation.
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

How do the leasing requirements in the FASB’s newly issued ASU 2016-02 differ from current GAAP? This session addresses that question by examining the core principles of the new standard and it’s guidance for the identification, recognition, measurement, presentation and disclosure of leases. Any entity, including cooperatives, that enters into a lease will be affected by these new rules. It’s not too early to start planning for their implementation.

Presenter and Moderator Bios
Ed is a principal with CliftonLarsonAllen having over 30 years of experience in public  accounting. Based in Lakeland, Florida, Ed is a member of the firm’s National  Assurance Technical Group. His primary responsibilities include being a technical  resource for the audit and assurance practice and performing quality reviews of  assurance and accounting engagements. 

Technical expertise 
 Practice experience has included providing accounting and assurance  services to clients in a variety of industries including agriculture, financial services, manufacturing,  benefit plans, and not‐for‐profit entities. 
 A frequent speaker on subjects related to accounting, assurance, and professional ethics. Ed has been  recognized as an outstanding discussion leader in each of the past nine years by the Florida Institute of  Certified Public Accountants. 
 In addition to being a Certified Public Accountant (CPA), Ed achieved the Certified Fraud Examiner (CFE)  designation in 1994, the Certified Management Accountant (CMA) designation in 1988, and the  Chartered Global Management Accountant (CGMA) designation in 2012.

Education/professional involvement 
 Bachelor’s of science (summa cum laude) in accounting from Florida Southern College 
 American Institute of Certified Public Accountants  
o Past member, PCPS Technical Issues Committee 
o Past member, Auditing Standards Board Technology Issues Task Force 
 Florida Institute of Certified Public Accountants 
o Continuing Education Committee 
o Mega CPE Conference Planning Committee 
o Past member and chairman, Peer Review Acceptance Committee 
 Association of Certified Fraud Examiners 
 Institute of Management Accountants

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.