Article Archive — Lease Accounting
Proposed Lease Accounting Rules Will Change Our Business
Focus on Healthcare
This is the last of a six-part series on how the proposed lease accounting rules will impact major market segments in the leasing industry. This segment will focus on healthcare. The municipal, IT/office equipment, vehicles, large-ticket market and construction/materials handling/agriculture equipment segments were covered previously, although readers should note that new information regarding recent FASB and IASB joint decisions is included below. The boards have completed virtually all of their deliberations, so the summaries are a good representation of their final proposed rule.
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Proposed Lease Accounting Rules Will Change Our Business
Focus on Construction/Mats Handling/Ag Equipment
This is the fifth of a six-part series on how the proposed lease accounting rules will impact six major market segments in the leasing industry. This segment will focus on construction/materials handling/agriculture equipment. The municipal, IT/office equipment, vehicles and large-ticket market segments were covered previously, although readers from those segments should read on as new information regarding recent FASB/IASB decisions has been included.
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Proposed Lease Accounting Rules Will Change Our Business
Focus on Large-Ticket Transactions
This is the fourth of a six-part series on how the proposed lease accounting rules will impact six major market segments in the leasing industry. This segment focuses on large-ticket transactions. Municipal, IT/office equipment and vehicles were covered previously, although readers from those segments should read on as Bill Bosco includes new information regarding recent FASB/IASB decisions in the lessee and lessor summaries below. Future segments will cover construction/materials handling and medical.
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Lease Accounting: Focus on Municipal/Not-For-Profit Business
This is the third of a six-part series on how the proposed lease accounting rules will impact six major market segments in the leasing industry. This segment will focus on municipal/not-for-profit business. IT/office equipment and vehicles were covered previously (see update to those articles below). Future segments will cover construction/material handling, large ticket and medical. The articles will cover lessee and lessor impacts.
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Proposed Lease Accounting Rules Will Change Our Business
Focus on Car Fleet, Truck & Trailer Leases
This is the second of a six-part series on how the proposed lease accounting rules will impact six major market segments in the leasing industry. Part one covered the IT/office equipment segment. This segment will focus on car fleet leases, truck leases and trailer leases. Future segments will cover construction/materials handling, large-ticket transportation, medical and municipal leases. The special series will address both lessee and lessor impacts.
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Lease Accounting
A Project Takes a Turn for the Better
As things continue to heat up on the lease accounting front, Bill Bosco is here to remind leasing industry stakeholders to take an active role in having their collective voices heard by the accounting boards. Having received a flood of negative input to the recent Exposure Draft makes a difference … and with an April deadline looming, time is of the essence.
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Proposed Lease Accounting Rules Will Change Our Business
Focus on IT/Office Equipment
This is the first of a six-part series on how the proposed lease accounting rules will impact six major market segments in the leasing industry. This segment will focus on computers, IT, copiers and other office equipment. Future segments will cover vehicles, construction/materials handling, large-ticket transportation, medical and municipal leases. The special series will address both lessee and lessor impacts.
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Lease Accounting Changes Will Call for Software Systems Upgrades
With an exposure draft expected this summer, lease accounting changes brought about by FASB and IASB convergence that once seemed distant are now becoming more and more real. It is therefore prudent for leasing companies to prepare for the expected impact to their policies, processes and software systems. At a minimum, lease management systems must be reviewed, modified and tested for compliance.
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Correlating Economics & Lease Accounting
How Do You Prepare for the Unknown?
Changes to the lessor accounting rules are imminent, although their full extent is not yet known. What is certain, however, indicates that lessors will have to adjust their operations, processes and reporting to one degree or another. Shawn Halladay asks: “Will you be ready?”
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Attention Lessors: FASB/IASB Issues Lease Accounting Project Update
Bill Bosco returns to remind equipment leasing professionals to submit comments to the FASB/IASB Lease Accounting discussion paper, Leases: Preliminary Views. After all, much is at stake and in this game as in all others — you gotta play to win!
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Where is Lease Accounting Going?
Examining the New Direction of the Lease Accounting Project
With a target completion date of 2011, the Lease Accounting Project is an epic in the making. We asked Bill Bosco to give us the details of what’s happening and where it’s all headed. The writer provides a summary and offers his commentary, which readers will find in italicized text.
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FASB/IASB Lease Accounting Convergence
The general direction (still subject to change) of the project allows for accounting differentiation for the industry in that the likely result is that capitalization will be less than ownership, but the complexity burden for small-ticket true leases and the possibility of fair value accounting may cause lessees to buy or borrow to buy equipment [...]
Read more...Date Posted October 1, 2007
FASB & IASB Hold First Meetings on Lease Accounting Project
The Train Has Left the Station
In mid-2006, the FASB and IASB placed an emphasis on re-writing the current lease accounting rules. While no one can predict the full impact on the leasing industry, the project is certain to take a long time due to the complexity of the various issues. Since the project is in full swing, the Monitor asked Bill Bosco to provide our readers with an update.
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