Blowing up your Balance Sheet!

Date: Tuesday, November 17, 2020
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter(s): Jeff Dieleman, CPA Partner, Moss Adams LLP
Objective: Upon completion, participants will be able to assess their current and future leasing arrangements to determine how leases will be classified and accounted for under Topic 842 - Leases.

Participants will also have an opportunity to see examples journal entries and footnote disclosures.
Field of Study: Accounting/Auditing
Program Level: Basic
CPE Credit: 1 Credit Hour- must answer 3 attendance questions during presentation
Delivery Method: Group Internet-based

No advanced preparation or prerequisites are required for this course.
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Course Description
On February 25, 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing transactions. This session will explore Topic 842 and the impact to cooperative balance sheets, income statement, footnote disclosures, and implementation dates.

Presenter and Moderator Bios
Jeff Dieleman, CPA, is an audit partner with Moss Adams LLP and has over 24 years of public accounting experience serving agribusiness entities throughout the United States. He serves as a lead audit partner on many significant agribusiness enterprises and is the Northwest Regional leader of the Food Processing and Agri-business Group of Moss Adams LLP. He manages and participates in financial statement attestation and consulting engagements. Jeff also has significant experience in internal controls, specifically related to internal fraud and embezzlement prevention. Jeff is a frequent speaker at accounting and industry events.

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

  • All programs are delivered using the Zoom platform.
  • Confirmations will include log-in instructions.
  • Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
  • All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
  • There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.