ASC 842 for Restaurants and Tips for a Successful Transition

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Presented on:
June 23, 2021 10:00 AM PT
Duration:
1 hour
Location:
Online

In May 2021, the Financial Accounting Standards Board (FASB) announced updates to Accounting Standards Codification (ASC) 842, Leases. This standard significantly changed lease accounting requirements, and adopting updates can be challenging for all organizations, regardless of industry.

Join us for our webcast, where industry professionals will provide the latest guidance to help your restaurant stay compliant with ASC 842 requirements. Following the discussion, you’re also invited to a live Q&A to help you address questions and plan for what’s next.

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Speakers

Nick Bergamo, CPA, Partner, Moss Adams

Nick has practiced public accounting since 2004. He specializes in acquisitions, public offerings, Sarbanes-Oxley compliance, and public company reporting requirements for clients in the restaurant and food and beverage industries. Nick serves as one of the firm’s leaders in leasing expertise and has worked with various companies to adopt the new revenue (ASC 606) and leasing (ASC 842) standards.

Lindsay Champion, CPA, Senior Manager, Moss Adams

Lindsay has been in public accounting since 2010. She serves clients in the restaurant, food and beverage, fitness, and employee benefit plan industries. Lindsay’s experience includes managing a wide range of assurance engagements, including comprehensive understanding of revenue recognition, lease accounting, and companies in franchise business models.

Related Topics

ASC 842 Valuation Considerations and Balance Sheet Impacts

Applicable Industries

Restaurants