Webinar Details

Topic 842: Defining Key Terms Related to the New Lease Accounting Standards

by George Azih from LeaseQuery


Course Description

In this second presentation of LeaseQuery's six-part series on lease accounting, George Azih will uncover the key steps to define and identify leases under the new standards. For example, identifying embedded leases has proven to be a sour point for most companies.  Additionally, George will address the new concept of control and walk through other important definitions that appear simple, but can actually cause significant issues if misinterpreted.


Learning Objectives
  • Identify how the definition of a lease has changed and how to identify a lease under the new standards
  • Understand the new concept of "control"
  • Define key lease terms, such as "commencement date," "renewal," "reasonably certain," and "discount rate"
  • Identify the difference between lease payments and minimum lease payments
  • Identify lease and non-lease components
  • None
Who Should Attend

Accounting and finance professionals whose companies manage a medium-to-high volume of leases will benefit most from this event, along with CPAs who serve clients with a similar volume of leases.

Advanced Preparation

If you missed part 1, you are still welcome to join us!  You can email info@leasequery.com to request a recording of part 1. 

Presenter Details
George Azih

George Azih Is LeaseQuery’s Founder and CEO. Prior to founding LeaseQuery, George worked in Technical Accounting and Accounting Research for a Fortune 500 company, specializing in lease accounting, debt modifications and hedge accounting. Prior to that, he worked in a CPA firm specializing in audits of financial institutions (banks and insurance companies). He holds a Bachelor's degree in accounting from the University of Georgia, and is a member of the American Institute of CPAs and the Georgia Society of CPAs.

George is considered a leading expert on lease accounting and has been chosen to speak about this topic to numerous groups at different events including Bloomberg Magazine, Crowe Horwath, the Georgia Soci... Read more

  • george.azih@leasequery.com
  • (800) 880 - 7270
NASBA Approved
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Date & Time
Thursday, February 21, 2019

1:00 PM EST
(see additional timezones)

Register for this webinar

Additional Information
Cost: FREE
Credits: 1.00 hours
Subject area: Accounting
Course level: Basic
Delivery method: Group Internet Based
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