Leaseurope, the ELFA and the CFLA issued a joint statement in response to the IASB’s Comprehensive Review of the IFRS for SMEs Standard, calling for independent cost-benefit analysis specific to SMEs before any decisions are made on changes to lease accounting. read more

NOV 2, 2020 - 7:19 am

The Financial Accounting Standards Board and the Accounting Standards Board of Japan held a meeting on Oct. 26 and Oct. 27. The meeting was the 28th in a series of biannual meetings to further the two organizations’ cooperative efforts to develop global accounting standards. read more

OCT 29, 2020 - 7:02 am

The FASB issued a proposed accounting standards update that would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options (for example, warrants) that remain equity classified after modification. read more

OCT 27, 2020 - 7:10 am

The Financial Accounting Standards Board issued a proposed accounting standards update intended to improve three areas of the leases guidance. Stakeholders are encouraged to review and provide comments on the proposed changes by Dec. 4. read more

OCT 21, 2020 - 7:45 am

Visual Lease released VL University, a new virtual training center that provides self-service, video-based instruction to help customers maximize the use of their lease lifecycle management solutions. read more

OCT 2, 2020 - 7:22 am

Visual Lease, a provider of lease accounting and management software, launched its Lease Accounting Milestone Planner (LAMP) tool to help companies prepare for tasks leading up to ASC 842 and GASB 87 compliance deadlines. read more

SEP 28, 2020 - 7:12 am

Visual Lease released its latest product release, version 20.4, which features an enhanced accounting feed audit trail that aims to provide better transparency with more granular data points, deeper calculations and more flexible reporting calculations. read more

SEP 17, 2020 - 7:11 am

Fiserv is collaborating with LeaseQuery to enable financial institutions to advance their lease accounting processes and address industry standards. Fiserv’s Prologue Financials accounting software user will gain access to lease accounting software from LeaseQuery. read more

AUG 20, 2020 - 5:25 am

The Financial Accounting Standards Board launched its new post-implementation review (PIR) web portal. The PIR process is a quality control mechanism built into FASB’s standard-setting process that begins after a standard is issued. read more

AUG 12, 2020 - 7:15 am

The adoption by public companies of the CECL accounting model ASC 326-20 has coincided with one of the most challenging economic environments seen in generations. An ELFA webinar outlined what’s being observed from public companies during implementation of the standard. read more

JUL 31, 2020 - 7:00 am

LeaseAccelerator, a lease lifecycle automation (LLA) software company, launched EZLease, an automated lease calculator for rapid, low-cost compliance. read more

JUL 30, 2020 - 7:16 am

According to a survey from LeaseQuery, companies struggled with the first audits completed under the landmark new lease accounting standard. In fact, half of public companies said additional effort was needed for the process. read more

JUL 29, 2020 - 7:15 am

The Financial Accounting Standards Board rescheduled the date of its public roundtable discussion on the implementation of its accounting standard on leases. The virtual roundtable will take place on Friday, Sept. 18, 2020, in two sessions. read more

JUL 24, 2020 - 7:14 am

LeaseAccelerator and Ernst & Young formed an alliance to provide increased transparency over critical lease terms and help reduce cost, risk and time to simplify the compliance experience. read more

JUL 17, 2020 - 7:06 am

CHB implemented DecisionComplete, a credit origination solution provided by Dominion Leasing Software, which was designed for seamless credit application processing. read more

JUL 16, 2020 - 6:48 am