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

More than one-half (54.7%) of respondents to a Deloitte poll expect their organizations to increase the amount of time and effort spent on implementing the new FASB and IASB lease accounting standards in 2017. read more

DEC 23, 2016 - 7:10 am

Although the initial goal of the lease accounting project was to create a global set of rules, the FASB and IASB could not agree on everything, which resulted in some disparity. Bill Bosco discusses the key differences between the two sets of rules and the resulting implications.... read more

September/October 2016

Financial Executives Research Foundation (FERF), in collaboration with EY, issued a new study assessing what companies are doing to address the challenges brought by the new lease accounting standards. read more

JUN 22, 2016 - 7:37 am

The new lease accounting rules released by the Financial Accounting Standards Board will not affect credit ratings by Fitch Ratings, according to the nationally recognized statistical rating organization. read more

MAR 7, 2016 - 7:43 am

The Financial Accounting Standards Board (FASB) issued an update on the new accounting standards intended to improve financial reporting of leasing transactions. read more

FEB 26, 2016 - 6:55 am

LeaseAccelerator published a report listing the off-balance sheet lease obligations of the 500 largest U.S. public companies. The report aims to provide awareness of the impact of the new lease accounting standards. read more

JAN 29, 2016 - 7:19 am

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

JAN 13, 2016 - 7:28 am

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

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

May/June 2015

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

April 2015

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

Jan/Feb 2015

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

MAR 17, 2015 - 7:36 am

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

March 2015

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

March 2015