The Equipment Leasing and Finance Association released Quick Quiz: Test Your Lease Accounting I.Q. to help lessees and lessors prepare for the new lease accounting standard. read more

AUG 22, 2017 - 7:09 am

Thanks to ASC 842, lessees will soon enter a new world of recording and accounting for operating leases. Bill Bosco discusses several ways that lessors can help their lessee customers meet these extensive compliance requirements.... read more

Monitor 100 2017

According to Accounting Today, citing a survey by Deloitte, 41.3% of corporate executives are somewhat concerned about implementation of the new lease accounting standards, while 5.8% are very concerned. read more

AUG 1, 2017 - 6:57 am

The Governmental Accounting Standards Board issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. read more

JUN 29, 2017 - 7:21 am

According to a EY survey of CFOs and CIOs, only 27% are confident that their companies are on track to meet critical milestones in complying with the new lease accounting standard. read more

JUN 28, 2017 - 7:06 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

Bill Bosco examines interim rent accounting under ASU 842, including implications for both lessees and lessors. He encourages lessors to become very familiar with the new lessee accounting rules as they will have a large impact on their lessee customers.... read more

March/April 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

Leaseurope submitted a paper on possible effects of the new international accounting standard for leasing, IFRS 16, on the European public good to the European Commission. read more

MAR 29, 2017 - 6:26 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

The industry has a new issue in need of advocacy. The capital requirements of banks and other regulated financial institutions are at stake as regulators may treat newly capitalized right of use asset and operating lease liability as any other asset and debt. Bill Bosco provides background on the situation, discusses the ELFA’s advocacy efforts and initiates a call to action.... read more

November/December 2016

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