What every Banker needs to know about the New FASB Lease Accounting Standard
Instructor:
MaryAnn Lawrence
Product ID: 705964
- Duration: 120 Min
Why Should You Attend:
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.
Learning Objectives:
- 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
Who Will Benefit:
- Loan Officers
- Credit Officers
- Credit Underwriter
- Accountants
- Financial analysts
- Loan reviewer
- Credit risk analysts
MaryAnn Lawrence
Lecturer, Cleveland State University
Career credit risk and enterprise risk management professional opened to consulting or short term projects. Extensive experience in credit analysis and portfolio management. Currently teaching both undergraduate and graduate level finance courses.
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