Stephen G. Austin, CPA, MBA, Firm Managing Partner, Swenson Advisors, LLP to Speak at The Knowledge Group’s Event
The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Stephen G. Austin, CPA, MBA, Firm Managing Partner, Swenson Advisors, LLP will speak at its webcast entitled, “GASB 87 Is Here…What You Should Know.” This event is scheduled for Wednesday, June 16, 2021 from 3:00 PM to 4:00 PM (ET).
- (1888PressRelease) May 26, 2021 - For further details, please visit:
https://knowledgewebcasts.com/know-portfolio/gasb-87-is-herewhat-you-should-know-cle-cpe/
About Stephen G. Austin, CPA, MBA
Steve is a Certified Public Accountant in the states of California and Georgia. Steve manages audit, SEC, Sarbanes-Oxley, and business and lease accounting consulting engagements with a focus on technology, manufacturing, service, real estate, social media, and non-profit organizations. He is the author of the book Rise of the New Ethics Class. Steve speaks worldwide on governance, Sarbanes-Oxley, and IFRS matters and writes articles published by the AICPA. Prior to joining Swenson Advisors, Steve held Partner positions with McGladrey & Pullen, LLP and Price Waterhouse, LLP. Steve earned a BS in Accounting and Finance from Bob Jones University and an MBA from the University of Georgia, Terry College of Business. Steve serves on numerous community boards and audit committees including Summit Ministries, Family Heritage Foundation, Brandman University and InSoCal CONNECT.
About Swenson Advisors, LLP
With offices in San Diego, CA, Murrieta, CA, and as an active member of Integra International®, Swenson Advisors is a full-service regional accounting firm with the expertise and capabilities to serve both private and public clients, whether they operate locally, regionally or globally. Swenson has been at the forefront of adopting the new lease accounting standards in the U.S., and leads AccountLease™, a team of national experts which provides solutions to address the new lease accounting standards. The team includes accountants, real estate brokers, lease accounting software developers and attorneys.
Event Synopsis:
New lease accounting rules are coming soon for all government entities. After a COVID-19 one-year delay, Statement No. 87 of the Government Accounting Standards Board, Leases (“GASB 87”) is now required for fiscal years beginning after June 15, 2021 and is applicable to both government entity lessees and government entity lessors.
The required changes are significant, and the focus of this presentation will be on what you need to know about the new standard. While the new standard is more “principles-based” than “rules-based” as in the past, an understanding of the underlying concepts is critical to making sure this all makes sense. This presentation will present these underlying concepts in a way that promotes an understanding of what you need to do, and what you will need to change for success.
The material presented in this program will be useful as an introduction to persons just beginning to think about implementing GASB 87 as well as an affirmation they are on the right track for persons that have already kicked-off the implementation process. In addition, the material will provide guidance on making the implementation process less painful.
In this LIVE Webcast, Swenson Advisors, LLP lease accounting veterans Stephen G. Austin and Joel Colbourn will provide an in-depth analysis of how GASB 87 will forever change what you used to know about lease accounting for government entities. Speakers will also provide insight on how to establish processes to ensure continuing compliance going forward.
Some of the major topics that will be covered include:
• The New GASB 87 Lease Accounting Standard: Sweeping Implications
• New Criteria for Determining a Lease
• How a Lessee Records a Lease; How a Lessor Records a Lease
• What Are Lease Components and Why Are They Important?
• Implementing a Technology Solution
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.
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