In today's ever-evolving financial landscape, staying up-to-date with accounting principles is essential. Join our insightful webinar, "Mastering GAAP: Navigating New Accounting Principles and Their Impact on Borrower Financials" to demystify recent changes in accounting standards and understand their repercussions for both borrowers and lenders.Key Takeaways:Background of FASB and IASB Accounting Convergence: Delve into the journey of convergence between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Uncover the nuances of the progress made, lingering differences, and their implications.Revenue Recognition: Explore the new principles of revenue recognition, where the seller recognizes revenue when the buyer takes possession of a good or service. Understand the impact of this change on financials, with a focus on earlier recognition and gross revenues.Lease Capitalization: Examine the closing of the off-balance-sheet loophole through the capitalization of both operating and financing leases. Discover how this affects balance sheets, leverage ratios, return on asset ratios, and cash flows.CECL (Current Expected Credit Losses): Say goodbye to the incurred loss model and welcome the new approach of loss recognition over the life of the loan. Uncover the implications of CECL, including a higher probability of default and its financial impact on borrowers.Not-for-Profits: Understand the simplification of balance sheets and the increased disclosure of liquidity for not-for-profit organizations. Gain insights into the changes shaping this segment of the American economy.Who Should AttendCommercial BankersCommercial Real Estate Lenders Credit Analysts Credit Department StaffLoan UnderwritersLoan Review Officers Credit Department ManagersSenior LendersChief Credit OfficersWhy Should You AttendAccounting principles are the cornerstone of financial analysis, and staying informed about changes is paramount. New accounting standards, resulting from collaboration between FASB and IASB, are designed to bridge the gap between US and international accounting principles. By attending this webinar, you'll gain a comprehensive understanding of these principles, their impact on borrowers and lenders, and how to navigate the evolving financial landscape. Don't miss this opportunity to master GAAP and stay ahead in the world of finance.Topic BackgroundGAAP principles are the bedrock of financial reporting, but they do evolve over time. Recent changes are a result of the FASB and IASB collaboration to bring US and international accounting principles closer together. This webinar explores new GAAP standards, including revenue recognition, lease capitalization, CECL, and not-for-profit financial changes, shedding light on how they shape the financial world for both borrowers and lenders. Join us to stay informed and make educated financial decisions in a changing landscape.