Webcast Invitation: Lease Accounting Standards – Impact on the Retail Industry
Thursday, September 29
9:00 a.m.-10:00 a.m. PT
Free Webcast | 1 CPE Credit
Every retailer has leases, many have hundreds—all of which must be reexamined due to the expected pervasive impact of the new lease accounting guidelines issued by the Financial Accounting Standards Board.
Public business entities must comply with the new standard for fiscal years beginning after December 18, 2018; all others must comply starting the year after.
Why must I act now?
The transition requires a two-year modified retrospective approach.
More importantly, you need to be informed now to understand your options before you sign your next lease or extension as the typical length renewal will be for a term that falls under the new rules.
In this webcast, we give a high-level view of the new guidelines, how they contrast with legacy accounting, and the potential impact on retail businesses, with a special emphasis on the expected considerable impact on financing covenants.
Presenters
Frank Kaufman | Moss Adams LLP
Partner, National Retail Practice Leader
Simon Dufour | Moss Adams LLP
Senior Manager
