According to PwC, in its most recent meeting, the FASB made a move to provide for quicker and more efficient implementation of the new lease accounting standard. read more

APR 2, 2018 - 7:29 am

According to LeaseAccelerator’s second annual readiness survey, nearly 75% of companies are finding the lease accounting project to be more complex than originally anticipated. read more

FEB 27, 2018 - 7:13 am

According to a KPMG survey, only 15% of companies have completed their implementations in preparation for the looming deadline for compliance with the FASB lease accounting standards. read more

FEB 21, 2018 - 7:31 am

Accruent entered into a joint business relationship with PwC, collaborating to prepare customers for FASB/IASB lease accounting changes. read more

JAN 12, 2018 - 7:44 am

FASB issued a proposed accounting standard update intended to reduce costs and ease implementation of the leases standard for financial statement preparers. read more

JAN 8, 2018 - 8:11 am

According to a post on CFO, FASB proposed adjustments to the new leasing rules which would give companies a “pass” in applying the new rules to 2017 and 2018 financials. read more

DEC 7, 2017 - 6:36 am

PowerPlan added seven customers to its user base who are benefiting from the company’s lease accounting module, which ensures companies are fully compliant with the new FASB and IASB lease accounting standards. read more

AUG 24, 2017 - 6:33 am

Accruent acquired Lucernex in a move to boost its ability to provide advanced solutions for organizations in any industry seeking FASB/IASB compliant real estate and equipment lease accounting software. read more

AUG 10, 2017 - 7:46 am

According to a PwC survey, 47% of respondents said they’ve started implementation, but reported the effort is more difficult than expected. read more

JUN 29, 2017 - 7:42 am

Bill Bosco examines issues that vendor, dealer and captive finance segments will face when the new lease accounting rules go into effect. He discusses lessee operating lease accounting, sale leaseback accounting and sales-type lease accounting and provides strategies to deal with the changes effectively.... read more

May/June 2017

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

May 2017

The Basel Committee issued responses to frequently asked questions related to the changes to lease accounting promulgated by the IASB and the FASB. read more

APR 10, 2017 - 7:36 am

Asset Finance International reported that most companies have not made any progress toward implementing the new lease accounting rules. read more

MAR 31, 2017 - 7:22 am

Bill Bosco reports on the FASB’s first meeting on Leases Topic 842, which concerned a consequential lessor classification issue. Although this issue results in bad accounting practices, Bosco is concerned because the board seems unwilling to resolve the issue through a revision of the standard.... read more

January/February 2017

LeasePlan USA’s CFO, Dave Dahm, stressed the importance of staying ahead of the changes made by the FASB and IASB, which can have significant impact on fleets. read more

MAR 3, 2017 - 6:57 am