Lease Accounting

LeaseQuery: Leases Return to Pre-Pandemic Levels; Costs and Liabilities Rise

According to LeaseQuery, the average number of leases companies hold has returned to or exceeded pre-COVID-19-pandemic levels. However, companies are finding that the cost and liabilities of leases are on the rise. read more

LeaseQuery and Cherry Bekaert Form Reseller Partnership

LeaseQuery, a provider of lease accounting software, partnered with Cherry Bekaert, an accounting and advisory firm offering specialized solutions across various industries, as a select reseller for its lease accounting software. read more

LeaseQuery Acquires Crowe Lease Accounting Optimizer

LeaseQuery, a provider of lease accounting software, acquired Crowe Lease Accounting Optimizer. The solution will be rebranded as LeaseQuery for NetSuite, effective immediately. read more

FASB Proposes Updates to Reference Rate Reform Guidance

The FASB issued a proposed Accounting Standards Update (ASU) that would extend the period of time preparers can utilize the reference rate reform relief guidance and expand the SOFR-based interest rates available as benchmark interest rates. read more

Private Companies Tackle Lease Accounting Challenges as Public Firms Still Struggle

According to LeaseAccelerator’s 2022 Global Lease Accounting Survey, which it conducted with Ernst & Young, many U.S. private companies are actively applying key lessons from U.S. public companies to optimize their current leasing processes. read more

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

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