EY - The FASB’s new leases standard: a closer look

EY Financial Accounting Webcast

The FASB’s new leases standard: a closer look

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Are you prepared for the FASB’s new leases standard? Do you know how your company’s finances and operations will be affected? Don’t miss our live webcast to hear how others are thinking about it.

In this webcast, we will discuss:

  • Requirements for identifying, classifying and accounting for leases under the standard
  • Areas of frequent questions and illustrative examples highlighting changes from existing GAAP
  • Transition, including practical expedients entities may want to consider using
  • Why you should begin now to plan for implementation of the standard

Please join us for this interactive discussion and learn about the accounting treatments and business implications from this new standard.

Panelists

EY - Mark Mahar

Mark Mahar

EY

Mark is a Partner in the Ernst & Young LLP Professional Practice Group where he focuses on leasing and real estate related accounting matters among others. Mark is responsible for developing EY interpretative accounting guidance, interacting with standard setters and other regulators, as well as providing advice to clients and audit engagement teams. In this role, he interacts with the SEC, FASB and IASB and develops EY thought leadership on application and interpretative issues.

Prior to joining EY, Mark served as an Associate Chief Accountant in the Securities and Exchange Commission’s Office of the Chief Accountant. There, Mark dealt with various accounting issues, which included coordinating technical analysis and communicating the SEC staff’s positions.

Mark earned a Bachelor of Science degree from Villanova University in Pennsylvania. He is a Certified Public Accountant in the District of Columbia and is a member of the American Institute of Certified Public Accountants.

EY - Jeremy Simons

Jeremy Simons

EY

Jeremy is a Partner in the Ernst & Young LLP Financial Accounting Advisory Services Practice in New York, where he focuses on lease and income tax accounting matters in the Technical Accounting Advisory Group.

Previously, he was in the Ernst & Young LLP Professional Practice Group in New York, where he focused on lease, income tax, and long-lived asset accounting matters. In this role, Jeremy was responsible for consulting with global engagement teams and clients, monitoring standard-setting activities, and developing EY interpretive guidance.

Jeremy spent two years as a Professional Accounting Fellow in the SEC’s Office of the Chief Accountant. In this role, Jeremy consulted with current and prospective SEC registrants and divisions within the Commission on accounting issues with particular focus on the topics of consolidations, business combinations, long-lived assets, and debt and equity.

Prior to the SEC fellowship, Jeremy was in the US firm’s Professional Practice Group and audited public and private companies in the manufacturing and retail and distribution industries.

Jeremy earned a Bachelor of Science in Business from Indiana University and majored in Accounting and Finance. Jeremy is a member of the American Institute of Certified Public Accountants and is a Certified Public Accountant in New York and Indiana.

EY - Bob Harrison

Bob Harrison

Target Corporation

Bob Harrison is Senior Vice President, Chief Accounting Officer and Controller of Target Corporation. Bob is responsible for all aspects of accounting, financial reporting, internal controls and financial operations at Target.

Bob joined Target in 2006 and has held various positions with increasing responsibility before being promoted to his current role in November 2015. Prior to joining Target, Bob worked for PricewaterhouseCoopers in New York City and Toledo, Ohio.

Bob received his Bachelor of Arts degree in Accounting from Michigan State University. He is a Certified Public Accountant.

Moderator

EY - Meredith Lloyd

Meredith Lloyd

EY

Meredith Lloyd is an Executive Director in Ernst & Young LLP’s Professional Practice Group, where she focuses on matters related to consolidation, the equity method and spinoffs. In this role, Meredith is responsible for developing interpretative guidance, interacting with standard setters, and advising clients and engagement teams.

Prior to this position, Meredith was a member of the EY Global IFRS group in London, where she focused on the accounting for similar matters under IFRS. She was also the co-author of International GAAP®.

Meredith is a Certified Public Accountant licensed in the Commonwealth of Virginia and in the District of Columbia. She is a member of the American Institute of Certified Public Accountants. Meredith earned a Bachelor of Science in accounting from the McIntire School of Commerce from the University of Virginia.