The Equipment Leasing and Finance Association unveiled the agenda for the upcoming ELFA Lease & Finance Accountants Conference LIVE!, an interactive virtual conference to be held on Sept. 14. The one-day event will provide the latest information on accounting and financial reporting issues affecting the $900 billion equipment finance sector. The ELFA encourages industry leaders responsible for financial reporting activities and professionals who need to be familiar with the impact of accounting on their transactions to attend.

“What are the critical accounting issues facing the equipment finance industry today? At Lease & Finance Accountants Conference LIVE! we’ll tackle important new developments that you need to be aware of,” John Bober, chair of ELFA’s Financial Accounting Committee, which is involved in planning and hosting the conference, said. “We’ll also reconnect with colleagues we haven’t seen throughout the pandemic and meet new contacts. We hope to see as many ELFA members as possible on Sept. 14!”

Highlights from the ELFA Lease & Finance Accountants Conference LIVE! agenda include:

• Lessor Hot Topics – Lease modifications, sale leasebacks, residual value guarantees and more. Plus: Top reminders for those about to adopt the new leases standard.
• Lessee Hot Topics – Accounting for changes in a real estate portfolio
• Lease and Loan Sales
• Current Expected Credit Losses (CECL)
• The End of LIBOR – Transitioning from LIBOR to Replacement Rates
• Applying ASC 842’s Definition of a Lease to Service Arrangement
• Interaction Between ASC 842 and ASC 606
• State of the Tax Code as it Relates to the Leasing Industry
• State of the Equipment Finance Industry – Presented by Kris Snow, Board Chair of the ELFA and President of Cisco Systems Capital
• Virtual Networking Reception – Connect with colleagues and exchange best practices

Attendees also will have access to a host of technology-related sessions at the ELFA Operations & Technology LIVE! virtual conference, which will be held concurrently on Sept. 14. Attendees may participate in both conferences at no extra cost.

The members of the ELFA’s 2021 Financial Accounting Committee who are helping to plan the event include:

• John Bober, Director, The Alta Group (Committee Chair)
• David W. Abplanalp, COO, BMO Harris Equipment Finance
• Deborah A. Brady, Senior Vice President and CFO, Key Equipment Finance
• Daryl E. Buck, National Managing Partner, Grant Thornton
• Kyle Elken, Controller, DLL
• Joseph Guage, CFO, First American Equipment Finance, an RBC/City National Company
• Shawn Halladay, CFO and COO, Pitney Bowes Global Financial Services
• Marc Jerusalem, Director of Accounting and Consulting Services, PricewaterhouseCoopers
• Gary Kabureck, Retired Board Member of the International Accounting Standards Board and Former Corporate Vice President and Chief Accounting Officer, Xerox
• Tim Kolber, Managing Director of Accounting and Reporting Advisory Services, Deloitte,
• Jeffrey Lezinski, Senior Vice President of Solution Architecture, Odessa
• Herb Lohmann, Global Leasing Controller of Healthcare Financial Services, GE Healthcare
• Patrick McCartan, Executive Vice President and CFO, Caterpillar Financial Services
• Scott Muir, Partner in the Department of Professional Practice, KPMG
• Steven Pinamonti, Senior Technical Accounting Manager, IBM Global Financing
• Derrick Prine, Controller U.S. and Canada, John Deere Financial
• Joseph P. Sebik, Director of Tax, Siemens Financial Services
• Charlie Shannon, Partner, Moss Adams
• Mamta Shori, CFO, Wells Fargo Equipment Finance
• Jeremy Simons, Partner, Ernst & Young
• Jennifer Stembridge, Senior Vice President of Accounting Policy, Truist Equipment Finance
• Amie D. Sweeney, Vice President, CBRE
• Vincent Tesoriero, Vice President and Controller, Marlin Capital Solutions
• Jay Wilensky, Vice President of Accounting and Finance, Sasser Family Companies
• Brian Wilson, Director of Leasing, Bank of America Global Leasing