Lease Accounting Early Learnings and Best Practices

23 July 2019
2:00 PM EDT | 1:00 PM CDT | 12:00 PM MDT | 11:00 AM PDT
Webinar  -  On demand

Watch the recording below

As the most significant change to lease accounting in decades, transitioning to the new lease accounting standard ASC 842 or to IFRS 16, requires users to examine closely at how they maintained and reported their existing lease information in their financial statements. This webinar will look at the specific entries and actions needed to successfully migrate to the new standards with certain adjustments required during the transition. 

Some organizations are still assessing the impact of the new standard and have not yet begun the complex task of compliance because initial implementation is not yet required. Others are well into implementation and we will present some of the learning experiences. The international standard IFRS 16 has been implemented overseas for some time and can provide valuable lessons learned for U.S. businesses.

Learning objectives:

  • ASC 842 – Getting the details right
  • Assuring strong internal controls over business processes and financial statements
  • Lessons learned from IFRS 16 implementation overseas
  • Common features and significant differences between ASC 842 and IFRS 16
  • Evaluating technology requirements to meet compliance


Emine Constantin

Global Head for Accounting and Tax Solutions
TMF Group

Emine is a qualified accountant (ACCA) with over 20 years of experience in set-up and management of international compliance processes. Emine is also a certified financial analyst (CFA) and a member of the Romanian Tax Consultants Chamber. Her experience and knowledge of the compliance challenges across multiple jurisdictions will bring a unique perspective to the latest trends in the international accounting environment.

The global remit in her current role means Emine is well placed to discuss and describe how changes in the lease accounting standard have impacted businesses in US and Europe.

Joseph Sebik

Director, Tax Reporting
Siemens Corporation

Joseph Sebik earned his B.A. from Queens College of the City University of New York. He is a Certified Public Accountant in NYS and a member of the Accounting Committee of the Equipment Leasing & Financing Association (ELFA) since 2000 and the Chairman of Federal Tax Committee of the ELFA. He is a recurring speaker at ELFA Accounting & Tax Conferences.

Joe is the author of numerous articles on leasing and equipment finance as well as the BNA Bloomberg Lease Accounting and Lessor Economics portfolios and has over 30 years of lease accounting, financial reporting, transaction structuring and tax reporting experience with PriceWaterhouseCoopers, IBM Credit Corporation, Citicorp Global Equipment Finance, JPMorgan Capital and Siemens Financial Services Corporation. Joe is the recipient of “ELFA Distinguished Service Award” in 2017.

Diane Tinney

Director, Product Management
Bloomberg Tax Technology

Diane Tinney is the Director of Product Management at Bloomberg Tax Technology, responsible for developing corporate tax and accounting data automation, calculation, and planning solutions – including the new Advantage platform. Diane has over three decades of experience in the application of cutting-edge technology. She has advised startups, mid-stage, and large, multi-national corporations in a variety of industries, including publishing, media, Internet services, education, hospitality, construction, nonprofit, and manufacturing. Prior to joining Bloomberg Tax, Diane founded several startups, managed a global corporate tax product development team, and worked a Big 4 CPA firm in State and International national tax practices. She earned a B.S. from Drexel University with a double major in Accounting and Computer Science, and soon thereafter passed the CPA exam in Pennsylvania.

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Lease Accounting Early Learnings and Best Practices