Debbi Thomas Moderates a Panel Discussion at AGA PDT: Leases – FASAB Updates

Falls Church, VA. – Monday, July 19th – Debbi Thomas, a Senior Leader for 11th Hour Service, a fully integrated and forward-looking federal consulting practice, will be moderating a panel at the 2021 AGA (Associate of Government Accountants) PDT (Professional Development Training) Virtual Seminar discussing leases, a recent update from FASAB.

Explore ongoing efforts and guidance under development to prepare to implement FASAB’s Statement of Federal Financial Accounting Standards 54, Leases. Learn more about the steps you need to take in your agency for readiness.

Learning Objectives
– Review forthcoming changes in lease accounting standards and how they will affect financial reporting.
– Examine real-world examples of SFFAS 54 implementation issues, including many that are unique to the federal environment.
– Explore steps to prepare for SFFAS 54 implementation.
– Consider ongoing projects designed to facilitate implementation.

Key Take-aways

Key Takeaways: SFFAS 54 has wide-ranging effects on federal financial reporting, systems, and controls. Financial managers must take numerous actions to prepare for its implementation in the fiscal year 2024.

Debbi Thomas is a Managing Director at 11th Hour Service, where she leads the delivery of numerous 11th Hour Service engagements within the Department of Defense and the Department of Treasury. She has over 31 years of experience managing large, multi-disciplinary teams delivering complex and multi-location accounting, consulting, and auditing projects for almost every Department within the Federal government.

Debbi has extensive knowledge and financial management experience in various aspects of the Federal Government. Her expertise includes audit, audit readiness, fiscal policies, accounting, financial reporting procedures, internal controls, reported performance measures, budget structure, and reengineered best business practices.

In addition to these skills, Debbi’s strong analytical capabilities have not only provided her the ability to identify potential internal control, accounting, and financial reporting issues but, more importantly, assist her in suggesting the necessary recommendations, which are instrumental to the Federal agencies in correcting their financial management deficiencies, specifically as they relate to their financial management practices.

Debbi also conducts training on auditing, accounting, and financial reporting topics to almost every Department within the Federal Government through her work as an instructor.

Debbi holds a Bachelor of Science in Accounting from Virginia Tech and is a Certified Public Accountant (CPA) and a Certified Government Financial Manager (CGFM). She is active in numerous associations related to Financial Management within the Federal Government, including positions in corporate advisory groups for the Association of Government Accountants (AGA) and the American Society of Military Comptrollers (ASMC). Debbi also serves on several Federal Accounting Standards Advisory Board’s (FASAB) task forces, most recently including Leases, Notes, and Statement of Budgetary Resources.

The continued thought leadership, knowledge and experience, and passion Debbi provides within these topics allow 11th Hour Service and the Federal Government to learn and grow while remaining agile as new guidance continues to come out.

Are you looking to hear more about 11th Hour Service and the solutions they provide? Reach out to Josh Vineyard at

Are you looking to hear more about how 11th Hour Service can support you, or your agency, in the topics from this webinar? Reach out to


About 11th Hour Service

11th Hour Service is a risk and financial management advisory firm that delivers forward-looking solutions to government organizations and commercial clients. The firm offers customized solutions based on proven results that focus on advancing an organization’s ability to achieve its mission. The 11th Hour Service culture was built on integrity, empowerment, and our commitment to continuous improvement and being result-driven. The firm’s experience spans nearly 20 years and is focused across several domains, including enterprise risk management, analytics and automation, financial management, human capital development, information and systems management, and value chain management. Go to for more info.

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