Lease Accounting

LeasePlan CFO Highlights Must-Know Changes to Lease Accounting Standards

LeasePlan USA’s CFO, Dave Dahm, stressed the importance of staying ahead of the changes made by the FASB and IASB, which can have significant impact on fleets. read more

FASB Credit Loss Standard Worrisome for Banks

According to a survey conducted by Deloitte, the new accounting standards under the expected credit losses standard will have a pervasive impact on all financial institutions. read more

Texas Comptroller Denies Retroactive Chapter 163, Aircraft Sales Taxation

The Texas comptroller said that Chapter 163 of the state tax code will not be applied retroactively irrespective of the state legislature's stated intent that Chapter 163 was a clarification of the existing law. read more

Balboa Capital Survey: 75% of Small Business Owners Will Use Section 179

According to Balboa Capital’s Section 179 tax deduction survey, three in four small business owners are using Section 179 to deduct cost of qualifying business equipment that was purchased or financed in 2016. read more

Deloitte Poll: 2017 May Be the Year of Lease Accounting Implementation

More than one-half (54.7%) of respondents to a Deloitte poll expect their organizations to increase the amount of time and effort spent on implementing the new FASB and IASB lease accounting standards in 2017. read more

Study Reveals Top Concerns Among Banks Transitioning to CECL

According to a study from SS&C Technologies Holdings, there is a disconnect among the banking sector’s readiness for current expected credit loss. read more

ELFA: Lease Accounting Standard’s Impact on Lessors’ Customer Interaction

The ELFA released the third article in a four-part series designed to help association members prepare for the new lease accounting rules. read more

European Commission to Review New Lease Accounting Rules

The European Commission will begin an assessment of whether the new international lease accounting standard, IFRS 16, will be conducive to the European public good. read more

Study Shows Expected Impacts of New Lease Accounting Standards

Financial Executives Research Foundation (FERF), in collaboration with EY, issued a new study assessing what companies are doing to address the challenges brought by the new lease accounting standards. read more

Half of All Companies Yet to Assess Impacts of New FASB Standard

In a recent survey by KPMG, nearly half of all companies surveyed have not begun to assess the impacts of the new FASB lease accounting standard. read more

Deloitte: Few Are Prepared to Comply With New Lease Accounting Standards

According to a recent Deloitte poll, only 9.8% of more than 5,400 financial and accounting professionals say their companies are prepared to comply with the new lease accounting standards. read more

FAF Names Auchincloss VP, General Counsel; Broder VP, Public Affairs

The Financial Accounting Foundation named John W. Auchincloss vice president, general counsel and Matthew J. Broder vice president, public affairs. read more

Survey: Companies Dependent on Spreadsheets to Manage Equipment Leases

According to a survey conducted by equipment lease management software company LeaseAccelerator, less than 10% of respondents believed they had the right systems in place to comply with the news leasing standards. read more

Plenty of Work Ahead for Lessees Adjusting to New Leasing Standard

According to a recent report posted by Accounting Today, the new lease accounting standard is likely to have a much greater impact on lessees than lessors. read more

CHP Publishes Final Whitepaper on International Lease Accounting

CHP Consulting published the final version of its whitepaper on changes in international lease accounting standards. read more

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Terry Mulreany
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