FASB Related Content

WSJ: IASB Changes Lease Accounting Rules

The Wall Street Journal reported that the IASB issued a new rule that will require companies outside the U.S. to add a “substantial” amount of leases to their balance sheets. read more

FASB to Issue Final Standard on Financial Instruments Measurement

The Financial Accounting Standards Board (FASB) plans to issue its final standard on the recognition and measurement of financial instruments during the first week of January 2016. read more

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

FASB Votes to Proceed with Final Standard on Leases

The FASB voted to proceed with a new accounting standard that would require companies and other organizations to include lease obligations on their balance sheets. The final accounting standards update is expected to be published in early 2016. read more

ELFA Releases Lease Accounting White Paper

The ELFA released a new white paper that addresses the impending changes to the lease accounting standard. The white paper is designed to help ELFA members understand what to expect from the new accounting rules. read more

FASB to Vote on Lease Accounting Rules Change

According to the Wall Street Journal, the FASB will vote on a potential refurbishing of lease accounting rules at its board meeting scheduled for Wednesday. read more

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

FASB Appoints Beswick and Malhotra to Emerging Issues Task Force

The Financial Accounting Standards Board named Paul Beswick and Robert Malhotra to its Emerging Issues Task Force. read more

SNL: FASB Loan Loss Model Coming in Q4

According to SNL Financial, the controversial accounting proposal that would require banks to recognize, up front, potential losses on loans is nearing completion and the FASB now expect to finalize the rule in Q4/15. read more

Preparing for the New Lease Accounting Rules: Opportunities and Concerns for Certain Lessors

In his second installment in a series on how to prepare for the new accounting rules, Bill Bosco continues his discussion of the lease accounting project, focusing on how lessors can prepare for the new accounting rules regarding leveraged and sales-type leases.... read more

Customer Education is Key During FASB Implementations

Despite lingering anxiety among the lessor community, Bill Bosco assures us that the proposed lease accounting changes will have a positive impact on customers and their propensity to lease. ... read more

Frustrations of an Old Accountant Living in a New World

Bill Bosco shares his thoughts on the ever-evolving lease accounting world and the many standards changes that have taken place or are slated to take effect. Most importantly, he urges leasing professionals to follow up with FASB as it continues its deliberations.... read more

IASB, FASB to Reach Lease Accounting Standard Completion

Accounting Today reported the International Accounting Standards Board issued an overview of its upcoming lease accounting standard, saying it plans to complete its deliberations on the long-awaited standard this month and to issue the standard later this year. read more

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

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

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