FAS 13 Becomes Topic 842: Differences Are Minimal in Lease Accounting

With the FASB leases project nearing its finale, Bill Bosco outlines key changes to lessor accounting, including the definition of lease payments and how the new rules will affect bundled leases. He also discusses changes to the definition of a lease, updated lease classifications and the end of the leveraged lease.... read more

January/February 2016

Earning a Spot at the Table: Creating a Constructive Relationship with the FASB

In the final installment of a three part series, Monitor editor, Rita E. Garwood, sits down with members of the ELFA’s Financial Accounting Committee — Bill Bosco, John Bober and Rod Hurd — as well as ELFA President and CEO Ralph Petta to discuss the ELFA’s Lease and Finance Accountants Conference as well as the association’s role in the lease accounting project. ... read more

2016

No Casualties in Leasing: Implications for Revenue Recognition

In part two of a three part series, Monitor editor, Rita E. Garwood, sits down with members of the ELFA’s Financial Accounting Committee — Bill Bosco, John Bober and Rod Hurd — at the ELFA’s 2015 Lease and Finance Accountants Conference to discuss the implications of the new revenue recognition standard.... read more

ELFA Financial Accounting Committee: Transitioning to the New Lease Accounting Standards

In part one of a three part series, Monitor editor, Rita E. Garwood, sits down with members of the ELFA’s Financial Accounting Committee — Bill Bosco, John Bober and Rod Hurd — as well as ELFA president and CEO-elect Ralph Petta at the ELFA’s 2015 Lease and Finance Accountants Conference to discuss the most important steps that lessors and lessees can take to ensure a smooth transition to the new accounting standards.... read more

2015

Final Drafts Under Review: The Impact of Proposed Lease Accounting Rules

Bill Bosco provides an update on the status of the lease accounting project and operational issues. He outlines outstanding issues and reveals good and bad news, as well as the anticipated financial impact, of the new accounting rules.... read more

September/October 2015

CGCF, Bill Bosco Release GAAP/IFRS Convergence Project Update

CG Commercial Finance and Bill Bosco released an update on the GAAP/IFRS convergence project. The summary is meant to assist clients in better understanding the project’s status and how it may affect their business. read more

OCT 9, 2014 - 7:20 am