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Connor Group and LeaseQuery are gearing up for our four-part webinar series on the new leasing guidance under ASC 842. Utilizing the LeaseQuery software in conjunction with a case study, our speakers, Dominick Kerr of Connor Group and LeaseQuery’s David Buchanan, will demonstrate how to operationally manage the challenges companies may encounter with the new guidance and how to overcome them.
The series will begin with an overview of criteria for lease clarification, guide you through determining the lease commencement date, and explain how to evaluate lease terms and the components of lease payments. In the following session, we will discuss the elements of the incremental borrowing rate, components of lease cost, and calculating lease liability. Attendees will also be presented with an overview of accounting for lease modifications and remeasurements, as well as a review of accounting for lease terminations. The series will close out with a review of lease disclosure requirements and provide an overview of how to adopt the new leasing standard.
Whether you decide to take on the entire series, or just check-in for a single session, you will emerge with a better understanding of the technical aspects of lease accounting under ASC 842 and how to operationalize its various elements. For registration and additional details, please follow the links provided below.
Session 1 | Key Foundational Concepts | Tuesday, May 26 | 12:00 PM PT | 3:00 PM ET
Session 2 | Initial Recognition & Measurement Considerations | Tuesday, June 2 | 12:00 PM PT | 3:00 PM ET
Session 3 | Subsequent Measurement & Reporting Considerations | Tuesday, June 9 | 12:00 PM PT | 3:00 PM ET
Session 4 | How to Adopt & What You Need to Know Now | Tuesday, June 16 | 12:00 PM PT | 3:00 PM ET
Dom Kerr is a Partner in Connor Group’s Technical Accounting Practice resident in the New York office. In this role, he provides guidance and leads client service engagements on a variety of technical accounting issues including leasing, debt and equity financing transactions, revenue recognition, business combinations, embedded derivatives, foreign currency, stock and employee compensation, and new accounting standard implementation. He is the leader of Connor Group’s thought leadership and client service roll out around the new leasing standard (ASC 842). Dom is also a member of the FASB Small Business Advisory Committee and is a developer and presenter of training classes for external and internal audiences and a presenter at accounting conferences.
Prior to joining Connor Group, Dom spent ten years at PwC, including two years as a technical accounting consultant in the Accounting Services Group of PwC’s National Office. While in the National Office, Dom consulted on a variety of technical accounting issues including leasing, debt and equity financing transactions, embedded derivatives, the statement of cash flows, foreign currency, and private company accounting alternatives. Before his time in the National Office, Dom was a member of PwC’s Private Company Services assurance practice serving private equity-backed enterprises, pre-IPO companies, and large closely-held businesses in a variety of industries. He managed all aspects of audit and attest engagements including technical accounting research, financial statement preparation, internal controls assessments, and process improvement analysis.
Dom is a Certified Public Accountant (New York & New Jersey). He graduated with distinction from Hofstra University with an MBA in Accounting and graduated with distinction from the State University of New York College at Geneseo with a BS in Business Administration.