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

Bill Bosco discusses two recent EFRAG and Basel Committee decisions and outlines the reasons why he believes these regulatory moves are bad for the equipment finance industry.... read more

July/August 2017

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