The new leasing standard, Accounting Standards Update (ASU) No. 2016-02, Leases, is effective starting in 2019. In an effort to raise transparency and comparability, this standard will require entities to recognize assets and liabilities arising from most leases on the balance sheet, and as a result, most operating leases that were previously disclosed in the footnotes will now be recognized on the balance sheet.
In this bank accounting webinar, we will discuss how these changes will impact institutions’ financial statements and regulatory capital. We will also consider how this standard could impact borrowers and related loan covenants.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.