CPE Seminar

Determining the Implicit Rate for the New Lease Accounting Standards

calendar icon August 4, 2022

During this live event, presenters from Cherry Bekaert and LeaseQuery will highlight the differences in interest rates available to account for both lessee and lessor leases under GASB 87. Our lease accounting professionals will outline the process for calculating the implicit rate within a lease under the new lease accounting standard, GASB 87 and walk through a detailed example of how to correctly calculate the implicit rate within a lease.

Learning Objectives

  • Understand the various lease interest rates and when to use each
  • Identify the differences in applying the implicit rate under the new GASB 87 lease accounting standard
  • Complete an example of how to calculate the implicit rate based on key inputs

CPE Accreditation

Advanced Preparation | None
Hours of CPE | 1 Hour
Program Level | Basic
CPE Category | Accounting


Wesley Williams | Accounting Manager, LeaseQuery
Danny Martinez | Director, Cherry Bekaert Advisory LLC, Government & Public Sector Accounting Advisory Lead

CPE Sponsors Logo*Cherry Bekaert is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website. | www.learningmarket.org

Cherry Bekaert Continuing Professional Education: Statement of Administrative Policies

Complaint Resolution Policy

Cherry Bekaert will make every effort to provide the best training courses possible. In the event participants are not completely satisfied with the training course and wish to file a complaint, please contact Cate Miller at cate.miller@cbh.com or 704.940.2661 within 10 business days of the event. Information about the course such as date, location, instructor and nature of complaint must be provided. Complaints may also be made in writing to: Cherry Bekaert LLP, 6806 Paragon Place, Suite 310, Richmond, VA 23230, ATTN: Cate Miller

Record Retention Policy

Cherry Bekaert will retain all Continuing Professional Education (CPE) documents for five years from training course date. These records will include:

  • Course outline
  • Course content and handouts
  • Sign in sheets
  • Dates and locations of training courses
  • Instructor credentials
  • Course evaluations
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Refund and Cancellation Policy

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Participants who must to cancel their course registration 10 or more business days in advance of the event must contact Cate Miller to receive a full refund of all fees paid. Participants who must cancel their registration within 10 business days of the event, will not receive a refund.