CPE Webinar

FASB issued ASU 2016-02: Leases – Part I

March 30, 2017


After nearly 10 years of debate, the FASB issued ASU 2016-02, Leases (Topic 842) in February of 2016. This course will be the first of a two part series that will take a deep dive into the changes. We will discuss the updated definition of a lease and then analyze how to initially record the lease. We will also review the lease classification requirements.

Learning Objectives

Participants will be able to:

  • Define a lease
  • Describe the criteria to be a finance lease versus an operating lease


  • Melisa Galasso, CPA | Senior Manager, Audit Professional Practices | Cherry Bekaert LLP

A Certified Public Accountant with nearly 15 years of experience, Melisa is an Audit Professional Practices Senior Manager at Cherry Bekaert. In this role, she assists with technical issues and quality control of the Firm’s assurance services practice. She monitors regulatory bodies including the Financial Accounting Standards Board (FASB), Government Accounting Standards Board (GASB) and American Institute of Certified Public Accountants (AICPA) for changes in auditing and accounting guidance and assists the Firm in implementing the updated guidance.

  • Jonathan Kraftchick, CPA | Director, Audit Professional Practices | Cherry Bekaert LLP

Jonathan is Director of Training and Development in Cherry Bekaert’s Raleigh office, where he is responsible for overseeing much of the Firm’s audit training, course development and delivery. He has spent more than 12 years conducting audit engagements for a wide variety of companies and industries throughout the Southeast, as well as writing and delivering courses both inside and outside of the Firm. He served as an adjunct professor at Elon University in their accounting department. Jonathan received a Bachelor of Arts in Economics before continuing on to their masters of accounting program and graduating from University of North Carolina at Chapel Hill. Jonathan is a member of the American Institute of Certified Public Accountants (AICPA) and the North Carolina Association of Certified Public Accountants (NCACPA). In 2014, he received NCACPA’s 5.0 Discussion Leader Award. He also received NCACPA’s Outstanding Seminar Discussion Leader award in 2011.

CPE Accreditation

Prerequisites | None
Advanced Preparation | None
Hours of CPE | 1 Hour*
Delivery Method | Webinar
Program Level | Basic
CPE Category | Accounting

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
  • CPE certificates stating amount of recommended CPE credit

Refund and Cancellation Policy

Cherry Bekaert reserves the right to cancel or reschedule any training courses up to 10 business days prior to the date of the event. Full refunds will be provided to registered course participants if the course is canceled or if participants are unable to attend the rescheduled event.

Participants who must 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.