Lease Accounting

Mathew Guice

Using Separated Maintenance Costs to Improve Clarity of Cost of Operation

Mathew Guice

The new lease accounting standards are going to do more than change the way leases are accounted for in financial statements. Putting lease payments on the balance sheet is also going to give fleets more insight into their true total... read more

Ron Meyer

Banks Will Be Cast Adrift If Their Loan Origination Systems Aren’t Up to Scratch

Ron Meyer

Banks are beginning to prepare for the biggest accounting change in living memory. Because the current system of financial reporting was too slow to recognize losses on loan and debt securities during the financial crisis, the global accounting framework for... read more

Bill Bosco

Concerns for Sale Leasebacks Under New Revenue Recognition Rules

Bill Bosco

The interaction of the new rules regarding sale treatment under revenue recognition versus the proposed new lease accounting rules will likely mean that sale leasebacks of equipment in which there is a non-bargain purchase option will not be considered sales... read more

Bill Bosco

IASB Issues Report: Practical Implications of the New Leases Standard

Bill Bosco

The report, issued in March, describes the IASB’s one lease lessee accounting model. It also provides an overview of some of the possible effects of the forthcoming changes to lessee accounting, and of the work that the IASB has undertaken... read more

Bill Bosco

Is it Time for FASB to Re-Expose the Proposed Leases Standard?

Bill Bosco

The FASB and the IASB have been at their Lease Accounting project since July 19, 2006. They have lease project fatigue and want to get this project done quickly – possibly too quickly to really get good feedback from the... read more

Bill Bosco

GASB Lease Accounting Change Project at Odds with FASB Approach

Bill Bosco

On November 11, 2014, the Governmental Accounting Standards Board (GASB) issued a Preliminary Views document on a project to change current GASB lease accounting GAAP, but it is in line with the IASB approach rather than the FASB approach that... read more

Bill Bosco

IASB: Blind to the European Banks Capital Crisis

Bill Bosco

On January 9, 2015 Santander bank raised $8.88 billion by issuing stock and cut its dividend by 66% to address regulatory capital issues. The bank’s shares have fallen 29%, resulting in a loss of $33 billion in market value. Santander... read more

Bill Bosco

Lease Accounting Project Moves Forward

Bill Bosco

Much work remains on the lease accounting project, and I do not anticipate a final standard until early 2015. The proposal, which has been through two exposure periods, was highly criticized by a variety of constituents in the latest public... read more

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