Lease Accounting

FASB Proposes to Enhance Transparency Around Supplier Finance Programs

The Financial Accounting Standards Board issued a proposed accounting standards update intended to help investors and other allocators of capital better consider the effect of supplier finance programs on a buyer’s working capital, liquidity and cash flows. read more

FASB Proposes Expanded Disclosures and Improved Accounting Related to Credit Losses Standard

The Financial Accounting Standards Board issued a proposed accounting standards update intended to improve the decision usefulness of information provided to investors about certain loan refinancings, restructurings and write-offs. read more

FASB Issues Update to Improve Transparency Around Government Grants

The Financial Accounting Standards Board issued an accounting standards update that requires businesses to disclose, in notes to their financial statements, information about certain types of government assistance they receive. read more

FASB Improves Discount Rate Guidance for Non-Public Lessees

The Financial Accounting Standards Board issued an accounting standards update that improves discount rate guidance for lessees that are not public business entities, including private companies, not-for-profit organizations and employee benefit plans. read more

FASB Proposes Changes to Interim Disclosure Requirements

The Financial Accounting Standards Board issued a proposed accounting standards update that would modify the disclosure requirements for interim financial reporting. Stakeholders are encouraged to review and provide comment on the proposal by Jan. 31. read more

Ivory Consulting Releases SuperTRUMP 21, Featuring New User Interface and Functionalities

Ivory Consulting, a provider of equipment lease and loan software, software customizations and consulting services for the equipment finance industry, released SuperTRUMP 21, marking what the company calls a revolutionary improvement of SuperTRUMP. read more

LeaseAccelerator Launches In-App Education Platform for Lease Accounting Industry

LeaseAccelerator, a provider of lease accounting compliance and Lease Lifecycle Automation (LLA) software, launched LeaseAccelerator University, an integrated and interactive learning platform built into the LeaseAccelerator software-as-a-service application. read more

Ivory Consulting Customizing SuperTRUMP Product to Support Transition from LIBOR

Ivory Consulting is supporting the transition of lessors from LIBOR to another interest rate by making appropriate customizations to its SuperTRUMP product. read more

LeaseAccelerator Releases Major Update to Lease Lifecycle Automation Platform

LeaseAccelerator announced a new update designed with the guidance of customer focus groups to improve analytics, the user experience and performance across the lease lifecycle. read more

G2 Names LeaseAccelerator Lease Accounting Software Leader Across Multiple Categories

G2, a business solutions review website, named LeaseAccelerator, a provider of lease lifecycle automation software, a leader in four lease accounting software customer service and support categories. read more

FASB Issues Standard to Improve Lessors’ Accounting for Certain Leases with Variable Lease Payments

The Financial Accounting Standards Board issued an accounting standards update intended to improve an area of the leases guidance related to a lessor’s accounting for certain leases with variable lease payments. read more

Insight Financial Services Achieves Sixth Consecutive Recertification of SOC 1 Type 2

Insight Financial Services, a division of Insight Investments, achieved its sixth consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 audit. read more

FASB Proposes Improvements to Discount Rate Guidance for Non-Public Lessees

The Financial Accounting Standards Board issued a proposed accounting standards update that would improve discount rate guidance for lessees that are not public business entities, including private companies, not-for-profit organizations and employee benefit plans. read more

LeaseQuery: Balance Sheet Liabilities Climb Amid Lease Accounting Transition

Companies are continuing to feel the brunt of the new lease accounting standards this year, with the average company experiencing lease liability increases of 419%, according to the 2021 Lease Liabilities Index Report from accounting technology provider LeaseQuery. read more

FASB to Host Virtual Credit Losses Roundtable on May 20

The Financial Accounting Standards Board will host a virtual roundtable on the implementation of the current expected credit losses (CECL) standard and related technical issues. The event will be webcast live at fasb.org on May 20 from 9 a.m. to 12 p.m. EST. read more

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Terry Mulreany
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