Lease Accounting

Lease Accounting Project Update: Great News for U.S. Banks

Bill Bosco examines the differences between the proposed FASB and IASB lease accounting standards. He reports that while U.S. banks will see little environmental change when the FASB accounting rules take effect, IFRS bank lessors will face the IASB approach, which is negative for both bank lessee customers and banks as lessors.... read more

New FASB Rules to be Issued by Year End — Timeline, Disclosures and Transition

Bill Bosco provides an update on recent activity of the FASB, including changes to disclosure requirements, compliance relief measures as well as transitions for both lessors and lessees as they relate to various lease scenarios.... read more

Preparing for the New Lease Accounting Rules: Opportunities and Concerns for Certain Lessors

In his second installment in a series on how to prepare for the new accounting rules, Bill Bosco continues his discussion of the lease accounting project, focusing on how lessors can prepare for the new accounting rules regarding leveraged and sales-type leases.... read more

Customer Education is Key During FASB Implementations

Despite lingering anxiety among the lessor community, Bill Bosco assures us that the proposed lease accounting changes will have a positive impact on customers and their propensity to lease. ... read more

Frustrations of an Old Accountant Living in a New World

Bill Bosco shares his thoughts on the ever-evolving lease accounting world and the many standards changes that have taken place or are slated to take effect. Most importantly, he urges leasing professionals to follow up with FASB as it continues its deliberations.... read more

Staying Ahead of the Curve: Preparing for the New Lease Accounting Rules

Bill Bosco takes a different approach to the lease accounting project discussion by detailing how lessors can best prepare for the new accounting rules and how to apply them to your business planning. Overall, he notes that despite the proposed changes, the prospects for the industry are positive.... read more

FASB Leases Project Update: Two Decisions May Harm the Industry, One Will Help

Monitor contributor Bill Bosco discusses two major issues discussed at a recent FASB meeting and how leveraged lease and sale leaseback accounting changes may affect the industry at large.... read more

New Accounting Rule for Investments

The Emerging Issues Task Force of the Financial Accounting Standards Board revisited accounting for Investments in Qualified Affordable Housing Projects that generate Low Income Housing Tax Credits and came to its decisions in September. Bill Bosco discusses the resulting good and bad news regarding effective yield methods, proportionate amortization and the inclusion of tax credits in revenue recognition.... read more

Lease Accounting: Six Years & Counting

As the lease accounting project "supposedly" enters its final phases, Bill Bosco provides an update on issues raised in the comment letters and meetings, and notes that because of the volume and nature of the remarks, re-deliberations may be long and contentious.... read more

Equipment Lease Accounting FAQs

Lease accounting expert Bill Bosco addresses several frequently asked questions, including inquiries regarding TRAC leases, true leases and, of course, the proposed lease accounting changes.I field a lot of questions about lease accounting. I devote this article to answer a few that may have broad interest.... read more

FASB Moves to Issue the Lease Exposure Draft

As FASB held possibly its last meeting on April 10 regarding the proposed lease accounting changes prior to the expected issuance of the new Exposure Draft in mid- to late May 2013, Bill Bosco explains that the project continues to slip and the controversies surrounding the proposed new rules continue.... read more

Lease Accounting: FASB/IASB Project Update

In the following article, lease accounting expert Bill Bosco presents a timetable, project summary and implications of the key decisions made at the last two meetings. The news is not good for the equipment leasing industry, but there is hope for a better result if comments received are significant enough to change their minds... read more

Lease Project at an Impasse?

The FASB/IASB Lease Accounting project was supposed to be winding down with only one or two meetings to clean up loose ends. At recent meetings, however, the boards did not get very far on the lessee question. Industry expert Bill Bosco provides commentary on what these latest developments may mean for the leasing industry. ... read more

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.... read more

Lease Accounting

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.... read more

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Terry Mulreany
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