Changes to Lease Accounting: Impacts for Food, Beverage & Agribusiness

Presented on:
December 12, 2018 8:00 AM PT
1 hour

Food, beverage, and agribusiness industries could face significant changes to lease reporting requirements.

In this webcast, we address the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) 842. We discuss new revisions, requirements for disclosing information on leasing arrangements, and the following key topics:

  • Differences between ASC 842 and the previous generally accepted accounting principles, or GAAP
  • Right-of-use assets, lease liability, and expense recognition
  • Practical considerations for industry contracts, biological asset leases, and financial statement ratios and disclosures
  • Potential impacts to debt covenants in current borrowing agreements


Jeff Dieleman, Partner, Moss Adams

Jeff has provided auditing, accounting, and advisory services to clients in the agribusiness industry since 1996. He is experienced with grain, agronomy, retail operations, and cooperatives. Jeff manages and participates in financial statement audits, with related recommendations for cost savings and efficiency improvements.

K-deep Dhaliwal, Partner, Moss Adams

K-deep has provided auditing and consulting services to food processing and agriculture companies since 2005. His focus includes agricultural marketing and supply cooperatives; food processors and marketers; manufacturing and distribution; citrus growers; row crops and permanent crops; fresh fruit packing and marketing; and wine production and distribution.

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