This event has been cancelled. All registrations will be automatically refunded to the credit card used to register. If you paid by check the refund will be issued by check to the address on
your invoice. Please allow 21 business days for all refunds to be processed.
ELFA Coronavirus Update
Due to growing health concerns
related to the COVID-19 coronavirus, ELFA has postponed or cancelled a number of upcoming events. These changes are in keeping with guidance from the Centers for Disease Control and Prevention, which
as of March 16 is urging a nationwide halt to gatherings of more than 50 people for the next eight weeks. We are monitoring health professional advice and updates from the CDC and WHO regarding the
COVID-19 coronavirus and following the guidelines from these agencies and local health departments, and will make any necessary modifications to our event schedule as needed to ensure the health and
safety of our members, staff, vendors and others. For questions regarding ELFA events, please email
meetings@elfaonline.org.
See details here
Principles is designed to teach the fundamentals of personal property
commercial equipment leasing and finance for entry-level personnel and/or individuals with business experience who have not had a complete overview of the leasing and finance business. Subjects
address the "why" as much as the "how" to provide the participant with a strong foundation on how the leasing and finance business works and where their individual responsibilities fit in to the
workflow.
Who Should Attend?
- Newly-hired staff, generally
- Operations and administration staff
- Newly-hired sales staff
- Marketing personnel
- Vendors/Vendor sales staff
- New ELFA members
After completing the workshop, participants will be able to:
- Define industry terminology
- Identify
the tax, legal and accounting rules and regulations
- List the types of leases and loans, including structure and pricing
- Utilize a financial calculator to learn how pricing
reflects the structure of a lease/financing
- Explain the current accounting requirements and discuss upcoming changes to the lease accounting rules
- Describe the benefits of
equipment finance
- Identify the types of lease structures and how they fit the lessee needs
- Identify the types of equipment lease and finance institutions and how their
requirements vary
- Describe the different types of legal entities and identify the required legal forms to complete a transaction
- Recognize and discuss fraud prevention and
detections measures
- Identify the purpose, paperwork and people involved in each step of the lifecycle
Attire
Business casual attire is appropriate for this
workshop.
Refunds/Cancellations
To receive a refund of registration fees (minus $100 administrative fee), cancellations must be received no later than seven business days prior to
the start of the workshop. Cancellations made by phone must be followed by a letter that includes the name of the ELFA staff person who accepted the
cancellation.
Substitutions
Substitutions for the entire program can be made at any time, including on-site.
CPE Information
19 CPE credits will
be earned for attending this workshop. NASBA fields of study: Finance (13), Accounting (1.5), Business Law (1.5), Taxes (1.5), Specialized Knowledge (1.5). Program Level: Basic, no prerequisite
education or experience required. Delivery Method: Group live event
ELFA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing
professional education on the Nationa 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 the website: www.learningmarket.org.