The new lease accounting rules released by the Financial Accounting Standards Board will not affect credit ratings by Fitch Ratings, according to the nationally recognized statistical rating organization. read more

MAR 7, 2016 - 7:43 am

The Financial Accounting Standards Board (FASB) appointed Mark Scoles, partner-in-charge of Grant Thornton’s Accounting Principles group, to the Emerging Issues Task Force. read more

MAR 3, 2016 - 6:45 am

The Equipment Leasing and Finance Association released a host of user-friendly tools to help lessors and lessees prepare for the recently issued lease accounting rules. read more

MAR 2, 2016 - 6:45 am

According to Moody’s, FASB’s much-anticipated new lease accounting standard requiring the recognition of operating leases on the balance sheet will increase reported debt by roughly $1 trillion. read more

FEB 29, 2016 - 6:58 am

The Financial Accounting Standards Board (FASB) issued an update on the new accounting standards intended to improve financial reporting of leasing transactions. read more

FEB 26, 2016 - 6:55 am

Deloitte and IBM teamed up to create the Deloitte LeasePoint solution, which is powered by IBM Watson Internet of Things and real estate management software IBM TRIRIGA. read more

FEB 23, 2016 - 7:51 am

The GASB issued a proposal to establish a single approach for state and local governments to report leases based on the principle that leases are financings of the right to use an underlying asset. read more

FEB 9, 2016 - 6:42 am

A delegation of community bankers from the Independent Community Bankers of America met with FASB on widespread concerns regarding the Expected Credit Loss Proposal read more

FEB 8, 2016 - 7:25 am

The Wall Street Journal reported that the IASB issued a new rule that will require companies outside the U.S. to add a “substantial” amount of leases to their balance sheets. read more

JAN 13, 2016 - 7:28 am

The Financial Accounting Standards Board (FASB) plans to issue its final standard on the recognition and measurement of financial instruments during the first week of January 2016. read more

DEC 23, 2015 - 6:35 am

The FASB voted to proceed with a new accounting standard that would require companies and other organizations to include lease obligations on their balance sheets. The final accounting standards update is expected to be published in early 2016. read more

NOV 12, 2015 - 7:31 am

The ELFA released a new white paper that addresses the impending changes to the lease accounting standard. The white paper is designed to help ELFA members understand what to expect from the new accounting rules. read more

NOV 12, 2015 - 7:11 am

According to the Wall Street Journal, the FASB will vote on a potential refurbishing of lease accounting rules at its board meeting scheduled for Wednesday. read more

NOV 11, 2015 - 6:45 am

The Financial Accounting Standards Board named Paul Beswick and Robert Malhotra to its Emerging Issues Task Force. read more

SEP 17, 2015 - 7:06 am

According to a research report from the ICAEW, the advantages of using IFRS far outweigh the disadvantages and, where Europe, is concerned, adopting the standards has resulted in important economic benefits. read more

MAY 29, 2015 - 7:19 am