TVRC News and Events

Lunch & Learn: Online - Zoom Tuesday, July 26, 2022 12:00 pm to 1:00 pm

How Your Business Can Prepare for the Leasing Standard Matthew Smith, CPA, CCIFP Market Street United Methodist Church Wednesday, July 13, 2022

5:30 pm to 7:00 pm

Bank of Clarke County (2 East Main St. Berryville, VA) Wednesday, August 10, 2022

The intended audience is any entity or organization, that has a lease, that also prepares a US GAAP basis financial statement. The focus will be from a lessee’s perspective, not a lessor. This standard is applicable to most leases, with the most common being real estate, auto, machinery and equipment.

ASC 842, Leases, is the new lease accounting standard issued by the FASB. The new standards contain guidance on the accounting and financial reporting for the agreements meeting the standard’s definition of a lease. The updated standard applies to most lease and subleases, but some exceptions do exist. As the new effective date draws near, join us as we go over the high points you will need to know as your organization starts to plan for implementation. Please visit regionalchamber.biz to register Bank of Clarke County (1835 Valley Ave. Winchester, VA) Wednesday, September 21, 2022

Every month, the Top of Virginia Regional Chamber holds an after-hours networking event designed for members to meet and build relationships with business people from small, midsize, and large companies and organizations representing a variety of industries. Chamber Members host this event at their businesses to encourage networking in an informal atmosphere complemented by food and beverage. Contact the Top of Virginia Regional Chamber to host one of these great events! Make sure to bring business cards and be ready to network. If you would like to participate, bring a door prize and bring recognition to your business. Please visit regionalchamber.biz to learn more