Building Your Lease Accounting Strategy and Considerations for the Construction Industry

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For many privately held construction companies, the effective date of ASC Topic 842, Leases (the Standard) is January 1, 2022. Some may be wondering about the impact on their financial statements and operations. Join DHG's construction practice as we discuss the unique ways contractors will be impacted by the Standard and explore considerations for adoption of the Standard.

Topics Covered:

Considerations and potential impacts on the financial and operational performance of construction companies such as:

  • How leases make their way on to the balance sheet
  • Potential effects on debt-to-equity ratio and bonding
  • Lease management solution - do I need a software?
  • Related party leases
  • Transition considerations - comparative and non-comparative methods, practical expedients
  • Taking the first step - practical steps to get ready for the standard

We’ll examine the various aspects of the lease standard implementation to consider including implementation planning, assessing impact, and developing best practices.

Presenters
CPE Information

Recommended CPE Credit

One hour of CPE (pending approval).

Delivery Format

Group Internet Based (each attendee must be logged in and answer the poll questions in order to receive CPE credit).

Who Should Attend

People in the construction & real estate industry.

Prerequisites / Advance Preparation

None

Course Level

Basic

Program Content

High level discussion on the Accounting Standards Codification (ASC) Topic 842, Leases standard (ASC 842) will be effective for most private companies in 2022 and will impact the financial statements and operations for construction companies.

Policies

This event is complimentary. Due to this program being offered free of charge, there will be no refunds issued. If you have any questions regarding administrative policies such as registration or cancellation, please contact DHGevents@dhg.com.

Questions

Please direct any CPE related questions to DHGU@dhg.com.

Dixon Hughes Goodman LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor 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 submitted to the National Registry of CPE Sponsors through the web site: www.nasbaregistry.org/.

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