Over 250 equipment finance professionals attended Sudhir Amembal's webinar "Accounting for Leases: A Customer Perspective" held on March 4. The 30-minute free webinar was attended and represented by all segments of the industry including banks, captives, independents and service providers. The webinar is an extract from Amembal's flagship one-day virtual seminar "Winning With Leasing!".

The webinar was customer centric. Attendees familiarized themselves with the use of proper terminology, learned the correlation between marketplace products and their accounting classification, grasped the detailed criteria distinguishing between the two types of leases, studied how these leases appear on the financial statements of their customers and concluded which type of lease is best suited depending on which financial reporting benefits their customers seek.

Amembal stated: "Lease accounting is complex enough that even accountants have difficulty fully understanding the intricacies. While those in the front office do not by any means need to fully grasp each and every accounting complexity, they must understand enough to intelligently liaise with their customers. I earnestly hope this objective was accomplished based on the topics I covered".