Lease Accounting

Proposed Lease Accounting Rules Will Change Our Business

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.... read more

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.... read more

Correlating Economics & Lease Accounting

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?”... read more

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!... read more

Where is Lease Accounting Going?

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.... read more

FASB & IASB Hold First Meetings on Lease Accounting Project

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.... read more

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Terry Mulreany
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