The Financial Times said the chairman of the IASB delivered a scathing assessment of its progress in carrying out urgent reforms, saying repeated delays had shaken people’s faith in its ability to meet deadlines. read more

OCT 16, 2012 - 7:35 am

The Financial Times reported that at a recent conference, IASB chairman Hans Hoogervorst warned in a speech that banks could be deterred from lending under a new approach to bad loan provisioning being developed in the U.S. read more

SEP 19, 2012 - 7:20 am

Ecologic Leasing Services said it has released a new version of LeaseAccelerator designed to enable equipment lessees to transition to the expected new lease accounting standard. read more

SEP 14, 2012 - 7:05 am

Medical device maker CareFusion said it has notified the SEC that it will delay filing its annual report and use the extension to consult with the SEC about the company’s accounting policy for sales-type leases. read more

SEP 6, 2012 - 7:20 am

In an article post, CFO said, according to experts, that under the standard setters' new proposal, companies that lease equipment could see their profits shrink in the early years of a contract. read more

JUL 18, 2012 - 7:35 am

CFO.com reported that a final report by the SEC's staff on adopting global financial reporting standards seems to back away from a melding of international standards and U.S. GAAP. read more

JUL 17, 2012 - 7:35 am

Leaseurope said it is pleased that the IASB and FASB have officially communicated on the next steps in the lease accounting project, adding that the timeframe should provide the leasing industry with sufficient time to take stock of and provide feedback on the revised proposals. read more

JUN 15, 2012 - 7:20 am

The IASB and FASB announced that they agreed yesterday (6/13/12) on a lease accounting approach in which some lease contracts would be accounted for using a method similar to that proposed in the 2010 leases Exposure Draft and some leases would be accounted for using an approach that results in a straight-line lease expense. read more

JUN 14, 2012 - 7:35 am

At a recent FASB/IASB joint meeting, the boards discussed the application of the proposed expected credit loss model to lease receivables and tentatively decided that an entity could elect one of two approaches. read more

MAY 25, 2012 - 7:20 am

CFO notes in an article today (5/16/12) that for years, some rather basic bankruptcy concepts have not applied to lease accounting. That may soon change if the FASB and IASB boards come together on a new approach that follows common bankruptcy laws. read more

MAY 16, 2012 - 8:27 am

CHP Consulting, a supplier of asset and motor finance software and consultancy services, said it has published the second in a series of pieces on the IASB and FASB's overhaul of lease accounting. read more

MAR 26, 2012 - 8:05 am

Accounting Today reported that Grant Thornton has released a new paper calling for an overhaul in the current thinking of the FASB and IASB on lease accounting standards, instead advocating the use of two different lease accounting models. read more

MAR 12, 2012 - 8:25 am

Accounting Today reported that at a meeting this week, the boards of the FASB and IASB voted for differing approaches on the leasing standards project involving income statement changes for lessees. read more

MAR 2, 2012 - 8:35 am

CFO reported that a subtle shift in word usage by James Kroeker, the SEC's chief accountant, may signal the possibility of an end to the "special relationship" between the FASB and the IASB, citing a New York-based adviser of the IASB. read more

FEB 23, 2012 - 8:15 am

CFO reports a new proposal from the Financial Accounting Standards Board may save companies some third-party costs involving gauging the fair value of intangible assets. read more

FEB 6, 2012 - 8:10 am