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Coffee + Compliance: New Accounting Standards for Leases (Bangor)

Oct. 22, 2019, 10am-12pm


Is your nonprofit on a lease for its location? Did you know there are new Accounting Standards for Leases? Would you like some help understanding those new accounting standards?

The new standards are effective at the start of fiscal years beginning after December 15, 2019.  For calendar year nonprofits, that means January 1st, 2020.  Are you ready?

Attend one of our Coffee + Compliance: Accounting Standards for Leases workshops, delivered by Peter Montano and Margaret Williams of PGM Accounting & Consulting, and learn how your organization can best prepare.

The workshop is designed for Lessees, and covers:
  • What constitutes a lease under the new standards;
  • The impact on your financial statements;
  • Practical accounting expedients allowed under the amended standards;
  • How to calculate lease assets, liabilities, and expenses; and,
  • Transition entries.
Bring your laptop and participate in hands-on exercises to calculate operating and finance lease entries with one-on-one guidance provided as needed. You will receive Excel templates and step-by-step instructions, so you can leave with tools to comply with the new standards right away.

And yes, coffee and treats will be served!

Intended Audience: CFOs, financial directors/managers, anyone responsible for organizational finances

Cost + Registration 

  • Special MANP Anniversary price of $25! Applies to members and non-members.
  • To register yourself, click the link below
    To register someone else, email their information to Learn@NonprofitMaine.org

About the Presenters
Peter G. Montano, CPA

Peter is a Director at PGM, LLC and leads their compliance and tax services. Peter has over 30 years’ experience providing audit, advisory and tax services to nonprofit organizations and startups. He is responsible for the planning, control and coordination of audit services, issue identification and resolution, and presentation of the final management letter, financial statements and compliance reports.

Peter speaks regularly on topics affecting nonprofits and gives seminars on financial management both locally and nationally. He assists nonprofit management and board members with implementing best practices.

Peter believes in supporting the community to improve the lives of people. He does this through volunteering and by helping nonprofits better deliver their services. Peter became a Certified Public Accountant in 1992.

Margaret Williams, MBA

Margaret is a CFO Consultant at PGM, LLC.  Margaret has over 40 years of broad business experience including nonprofit management, public accounting and teaching at the university level. Prior to joining the team at PGM, Margaret served as the Chief Financial Officer at the Gulf of Maine Research Institute (GMRI) quadrupling its size under her oversight. Her previous experience spans nonprofit and for-profit sectors across a variety of industries that include marine research, software development, economic development, airlines, sports and education.

Location + Directions

Location: Bangor Public Library
145 Harlow Street, Bangor, ME 04401
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