Mark Phillips, CPA, is a partner in Aronson LLC’s Diversified Commercial Services Group. With over 25 years of public accounting experience, he is a highly knowledgeable practitioner with a diverse background. He provides audit and other assurance services to clients operating in a broad range of industries, including technology, life sciences, investment funds, professional services, hospitality and retail. Mark has also considerable prior experience working with clients in the government contracting, real estate, publishing and leisure sectors. In addition, Mark has worked on a number of SEC clients, ranging from very small registrants to multi-billion dollar corporations. Mark co-leads Aronson’s ASC 842 advisory group, helping clients with the implementation of the new leasing standard. Prior to joining Aronson, he spent several years as a partner with a regional accounting firm.
In this session we’ll cover the scope, adoption method, key provision and why any of this matters to you. Including impacts on the statement of financial position, financial ratio, and covenants. We’ll go over what you need to know to make sure you understand how leases are classified under ASC 842 and provide examples and […]