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What every Banker needs to know about the New FASB Lease Accounting Standard
September 19, 2018 @ 12:00 pm - 1:30 pm EDT$249
This is the second of the trifecta of changes that will be changing the face of financial reporting over the Next three years (for public firms) and next four (for private firms). The first is Revenue Recognition (2018), the second Leasing (2019) and finally CELC (Current Expected Loss Calculation). Each of these will be required one year later for private firms.
All those off balance sheet leases will now be on balance sheet. Yes all those real estate leases. For publicly traded companies, assets and debt will increase by trillion dollars. On balance sheet leverage will increase. Most of your loan clients will be breaching their loan covenants. But these were the same customers were your best credit risks.
If you are a loan officer, credit officer, loan underwriter, accountant or financial analyst you will need to be prepared on how to interpret the new statements. Otherwise you may be missing great opportunities to lend or invest. We will also touch on how this will impact your institution.
Attending this Loan Webinar you will gain:
- A High level understanding of the overall new standard
- Implications of the new standard on the balance sheet and income statement of your clients
- Side by side comparison of the reporting to use to develop analysis templates
- How to structure and restructure your covenants
- How your risk rating system may be impacted
Date of Event
Wednesday, September 19, 2018
1.8 AAP Credits
About the Speaker
MaryAnn has served as a Lecturer in Finance for 14 years at Cleveland State University, where she has used her professional experience to teach Bank Management, Investment Analysis, Financial Markets and Institutions, Principle of Corporate Finance to both undergraduate and graduate students.
Prior to teaching, she was the Former member of the FASB Private Company Financial Reporting Committee and served as Sr Vice President and Deputy General Auditor in Charge of Credit Risk Review at KeyCorp.