Joseph Sebik is CPA registered in New York and is a Director of Tax Reporting at Siemens Corporation where he is responsible for specialized tax reporting for tax-oriented leasing and financial structures. He has over 30 years of lease accounting, tax, financial reporting and financial structuring experience with Price Waterhouse, IBM Credit Corporation, Citicorp Global Equipment Finance, and JP Morgan Capital. Mr. Sebik has co-authored several Accounting Policy and Practice Portfolios, including Bloomberg Tax and Accounting Portfolio 5114, Accounting for Leases: Fundamental Principles; 5117, Leases: Lessee Perspective; 5118, Leases: Lessee Perspective—Selected Topics; 5120, Leases: Lessor Perspective – Economics; 5128, Leases: Lessors – Classification, 5129, Leases: Lessor Perspective – Recording the Lease, and 5174, VIE Consolidation Model: Identifying Variable Interests and Entities Considered VIEs
Mr. Sebik is also a recurring speaker at Equipment Leasing & Finance Association (ELFA) Accounting and Tax Conferences and has authored numerous articles on leasing and structured financing transactions. He is the Chairman of the ELFA’s Federal Tax Committee and has served on the ELFA’s Accounting Committee for over 15 years.
Education:
B.A., Accounting, Queens College of the City University of New York (1977) with Graduate credits towards MBA, Tax/Controllership, St. Johns University
Tax Management Portfolios™
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Leases: Lessor Perspective — Economics (Portfolio 5120)
Portfolio 5120, Leases: Lessor Perspective—Economics (Accounting Policy and Practice Series), explains and analyzes the economics of leasing from the lessor's perspective.
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Accounting for Leases: Fundamental Principles (Portfolio 5114)
This Portfolio surveys the complex lease accounting rules that affect both lessees and lessors and discusses the background of lease accounting and financial reporting rules.
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VIE Consolidation Model: Identifying Variable Interests and Entities Considered VIEs (Portfolio 5174)
This portfolio explains and analyzes U.S. Generally Accepted Accounting Principles (GAAP) relating to the variable interest entity (VIE) consolidation model.
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VIE Consolidation Model: Identifying Primary Beneficiary; Reporting and Disclosure Rules (Portfolio 5175)
This Portfolio explains how to characterize and treat transfers of financial assets and how to account for servicing assets and servicing liabilities.
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The New Leasing Standard — Analysis and Application II (Portfolio 5126)
This portfolio is designed to be used in conjunction with Accounting Policy & Practice Portfolio 5126
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The New Leasing Standard — Analysis and Application I (Portfolio 5125)
This portfolio is designed to be used in conjunction with Accounting Policy & Practice Portfolio 5126
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Leases: Lessors – Classification (Portfolio 5128)
This Portfolio explains, analyzes and illustrates the recording of leases from the lessor's perspective as well as the disclosure requirements relevant to leases.
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Leases: Lessor Perspective—Recording the Lease (Portfolio 5129)
This Portfolio explains, analyzes and illustrates the recording of leases from the lessor's perspective as well as the disclosure requirements relevant to leases.
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Leases: Lessee Perspective (Portfolio 5117)
This Portfolio explains and analyzes financial accounting for leases from the perspective of the lessee and explores the dynamics of the relationship between lessees and lessors with respect to the motivations behind leasing and the economic and financial reporting perspectives of leasing.
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Leases: Lessee Perspective — Selected Topics (Portfolio 5118)
ernal Auditing: Fundamental Principles and Best Practices analyzes the development of auditing, the importance and visibility of which have expanded.