Lease Accounting

FASB Seeks Public Comment on CECL Implementation Delay

The FASB is seeking public comments on a proposal that would grant certain private companies and organizations more time to implement FASB standards on current expected credit losses, leases and hedging. read more

LeaseAccelerator, Clearlink Partner Up on ASC 842, GASB 87 Adoption

Clearlink Partners joined the global alliance program of LeaseAccelerator. Clearlink is an independent professional services firm which provides project-based engagements for ASC 842 and GASB 87 compliance. read more

FASB Votes to Extend CECL Implementation for Some Lenders

The Wall Street Journal reported that the FASB has proposed to extend by three years the implementation deadline of CECL for small public lenders, private lenders and nonprofits. read more

Barrett Selects Ivory Consulting Platform to Evaluate New Opportunities

Specialty finance company Barrett Capital will begin using Ivory Consulting’s SuperTRUMP to evaluate energy efficiency opportunities presented by developers. read more

Insight Financial Services Achieves SOC 1 Type 2 Recertification

Insight Financial Services again achieved successful completion of the Service Organization Control 1 Type 2 Audit. The audit verified that IFS’ asset management online system continues to meet SOC 1 Type 2 standards. read more

S&P 500 Firms Carrying $500B+ On-Balance Sheet Lease Liabilities

LeaseAccelerator introduced a new report analyzing the financial reports and disclosures of S&P 500 companies that have adopted the new lease accounting standards. read more

Diversified Financial Selects IDS InfoLease to Support Growth

Diversified Financial Services selected IDS’s InfoLease portfolio management and Rapport origination platform to provide end-to-end management of their asset finance portfolio. read more

LeaseAccelerator Hosts Fourth Enterprise Lease Accounting Summit

Lease accounting software provider LeaseAccelerator kicked off the fourth annual Enterprise Lease Accounting Summit on Wednesday, June 12th in Fort Worth, TX. read more

Bloomberg Tax Expands Leased Assets Product to Support Intl. Standards

Bloomberg Tax & Accounting expanded its Advantage Leased Assets to include support for multinational organizations who need to comply with international accounting standards, in addition to ASC 842. read more

FASB Issues Targeted Transition Relief To Institutions Applying The Credit Losses Standard

The Financial Accounting Standards Board issued an Accounting Standards Update (ASU) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value. read more

Professional Orgs to FASB: We’re Not Ready for New Lease Accounting Rules

The Wall Street Journal reported that the American Institute of Certified Public Accountants and the Associated General Contractors of America asked FASB to delay the new lease accounting rules for private companies by one year. read more

LeaseAccelerator to Host Lease Accounting Summit in Texas

LeaseAccelerator will host the fourth annual Enterprise Lease Accounting Summit at The Worthington Renaissance in Fort Worth, TX on June 12. read more

Alta Group to Provide Overview of CECL Implementation in May

Shawn Halladay, managing director of the Alta Group, will discuss the new CECL accounting standards and the lessons that can be learned from international equipment financiers at the Bloomberg Tax and Deloitte conference in May. read more

Study: Private Companies Still Not Ready for New Lease Accounting Rules

To provide a quantitative progress report on the status of compliance efforts for private companies of the new lease accounting regulations, LeaseAccelerator conducted a research study in late January 2019. The study showed private companies are reporting a lower state of readiness than public companies showed in last year's survey at this time. read more

Bloomberg Tax Releases Advantage Leased Assets for ASC 842 Compliance

Bloomberg Tax released its latest ASC 842 compliance system, Advantage Leased Assets. The new enhancements include support for customized, flexible lease payment schedules and integration support for automating workflows. read more

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Terry Mulreany
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