Web Seminar: Coronavirus and the U.S. Economy: Implications for the Equipment Finance Industry
April 15, 2020
ELFA_LOCATION, Online, DC
Web Seminar: Coronavirus and the U.S. Economy: Implications for the Equipment Finance Industry
April 15, 2020
ELFA_LOCATION, Online, DC The Equipment Leasing & Finance Foundation will release the Q2 Equipment Leasing and Finance U.S. Economic Outlook with longtime partner Keybridge LLC, on April 15. The Foundation and ELFA have invited Keybridge Founder and President Dr. Robert Wescott and Vice President Jeff Jensen to discuss the state of the economy and the equipment finance industry in the face of the global pandemic. They will offer their insights on the economic, financial and political effects of the pandemic over the next quarter as well as through the remainder of the year and will answer your questions in a live Q&A session.
Doing Business Under the New Lease Accounting Standard Simulcast
9:00am-9:10am
Welcome/Setting the Stage
Ralph Petta, President & CEO
ELFA
9:10am-10:30am
Laying the Foundation
This session is an in-depth look at what is in the final standard and what it means for your business.
Speakers:
John Bober, Managing Director, Global Technical Controller, GE Commercial Finance
Eileen Chan, Executive Director, Ernst & Young LLP
Ann Gill, Controller and Vice President, Union Bank-Leasing & Asset Finance Division
Sheri Wyatt, Managing Director, PwC
10:30am-10:45am Break
10:45am-11:45am
Minefields and Opportunities
This session will go beyond the headlines and provide details on issues for both lessees and lessors. Much has been reported about what the rules are but not what problems they will be create and, on the brighter side, what opportunities will exist to provide better solutions to customers. The session will provide insights on what to watch out for and how to prepare for the new standard. You will also get the first look at ideas to make the rules work for better for our lessee customers.
Speaker:
John Bober, Managing Director, Global Technical Controller, GE Commercial Finance
Bill Bosco, Leasing 101
11:45am-12:15pm
What Your CFO/Treasurer Needs to Know
As accountants start to think about how the new standards will impact them, “What Your CFO/Treasurer Needs to Know” will focus on the broader financial aspects of the lease accounting changes. In this session, we will consider the how the new rules impact debt/capital structures needs, changes to bank agreements and covenants, as well as financial statement presentation, and the effect on the rating agencies, analysts, and investor communities. We will also consider a transition period “to-do” list, including communication and addressing issues with customers.
Speaker:
Barbara Galaini, SVP and Controller, CIT
12:15pm-1:15pm Lunch
1:15pm-2:30pm
Engaging the Customer
There is a great deal of misinformation out there regarding the project, and many lessees do not have the project on their radar screen. With the issuance of the final standard, this picture will change. Be prepared for your customers' questions with the insights from this session as to the products and lease types that will work best, how to deal with customer objections and how management and sales should understand the rules, implications and opportunities. We will discuss new product ideas, drilling down into the structures and how they can reduce the lessee's capitalized amount without compromising your returns.
Speakers:
John Bober, Managing Director, Global Technical Controller, GE Commercial Finance
Bill Bosco, Leasing 101
Paul Janson, VP Structured Finance, DLL
2:30pm-2:45pm Break
2:45pm-4:00pm
Beyond the Accounting Department
Contrary to some initial thoughts in most organizations, the impact of the new lease accounting rules are much broader and far- reaching than many think, and not just issues for the accountants. Panelists will discuss the more subtle yet critical changes and challenges you and your company will encounter as you prioritize preparing for the new rules. This interactive session will focus on technical, operational and systemic considerations for you and your customers to start addressing in the short term. Come prepared to participate and brainstorm with your colleagues.
Speakers:
Barbara Galaini, SVP and Controller, CIT
Ann Gill, Controller and Vice President, Union Bank-Leasing & Asset Finance Division
Scott Thacker, Chief Executive Officer, Ivory Consulting Corporation
4:00pm-4:15pm Q&A
4:15pm-4:30pm Wrap-up
Available Functions
Speakers
Sponsors
The workshop is being held at the Hyatt Regency Baltimore Inner Harbor in Baltimore, MD.
Simulcast attendees will receive instructions on how to connect to the workshop and will be able to submit questions to the presenters.
