Lease Accounting

FASB Issues Staff Q&A Document on Estimating Credit Loss Reserves

FASB staff issued a question-and-answer document that addresses particular issues related to the weighted average remaining maturity (WARM) method for estimating the allowance for credit losses. read more

LeaseCrunch Receives SOC 2 Type I Audit Certification

LeaseCrunch successfully completed a System and Organization Controls (SOC) 2 Type I Audit examination by international business advisory firm Skoda Minotti. read more

CFO Magazine Lists the Best Accounting Articles of 2018

CFO Magazine created a list of the top accounting articles of the year. read more

Final CECL Rule Approved by Regulators

Federal bank regulatory agencies approved a final rule modifying regulatory capital rules and providing an option to phase in the day-one regulatory capital effects of the CECL methodology over three years. read more

2019 GAAP Financial Reporting Taxonomy & SEC Reporting Taxonomy Available

The Financial Accounting Standards Board announced the availability of the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy. read more

FASB Issues Narrow-Scope Improvements to Accounting for Lessors

The Financial Accounting Standards Board issued an Accounting Standards Update expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. read more

Sage Intacct and iLeasePro Announce Major Integration Enhancement

iLease Management announced a major step forward in its strategic partnership and integration with Sage Intacct, which will enable the tracking and reporting of lease related financial and operational data. read more

FASB Issues Narrow-Scope Improvements to Credit Losses Standard

The Financial Accounting Standards Board issued an Accounting Standards Update that amends the transition requirements and scope of the credit losses standard issued in 2016. read more

JetBlue Selects Accruent Software to Manage Lease Processes

JetBlue Airways has selected Accruent’s lease administration and accounting software to manage its lease processes and ensure FASB/IASB compliance. read more

Innovation Finance Selects Odessa for Lease Accounting Solutions

Innovation Finance selected Odessa to provide the company with an agile, customizable lease accounting solution. read more

Bloomberg Tax Releases New Solution for FASB ASC 842 Standards

Bloomberg Tax released a new lease assets solution designed to help organizations address and comply with the new FASB ASC 842 standards. read more

Ivory Consulting Releases SuperTRUMP 12

Financial analysis software provider Ivory Consulting released SuperTRUMP 12, which incorporates the new US GAAP ASC 842, Leases and many other enhancements. read more

FASB Proposal Addresses Sales Tax, Variable Payments and Lessor Costs

On February 25, 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, Leases (Topic 842), to increase transparency and comparability while inviting comments due September 12, 2018. read more

FASB Proposes Narrow-Scope Improvements to Accounting for Lessors

The FASB issued a proposal that would reduce costs and ease implementation of the leases standard for financial statement preparers. The proposal would also clarify a specific requirement in the standard related to lessor accounting. read more

LeaseAccelerator Ranks U.S. Companies with Highest Operating Lease Obligations

LeaseAccelerator released its Who is Most Impacted by the New Lease Accounting Standards report, a ranking of the U.S. public companies with the largest leasing obligations. read more

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