On-Demand Webinar: Revenue Recognition & Leasing for Contractors
For years there has been chatter around new accounting standards regarding both revenue recognition and leasing. With the implementation timeline for both now set, it’s time to review processes and procedures to be sure your company is on track. Contractors who have not already begun research and plan development are risking last minute issues that can be costly, time consuming and pull much needed resources from other areas within your organization.
Please join our presenters and other leaders in the New York construction community, along with representatives from ViewPoint, for a presentation and discussion around these timely and significant topics:
The New Revenue Recognition Standard
In this informative webinar, we will discuss the new revenue recognition standard, which is effective for fiscal years beginning after December 15, 2017, for public companies, and December 15, 2018, for private companies. While the construction community has worked well with the FASB to make these changes less disruptive, there is still a lot of work to be done to be sure that your company is prepared. There are many questions that will need to be answered, with addressing the capabilities of your technology near the top of the list.
The New Lease Accounting Standard
We will also discuss the new lease accounting guidance, which is effective for the reporting periods of public business entities beginning after December 15, 2018, and for non-public entities beginning after December 15, 2019. This new guidance, which requires lessees to recognize assets and liabilities on their balance sheets for substantially all of their leases, will have a significant impact on contractors moving forward by, among other things, effectively changing the very definition of a lease.
Please note the webinar will be played through your web browser. Speakers or a headset is required.