FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / ...

Equipment Finance Advisor Search Results

News Stories (73 Results) - Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) approved an Accounting Standards Update (ASU) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, reference rate reform on financial... Read Story
November 14, 2019, 07:05 AM


The Financial Accounting Standards Board has extended the implementation deadline for several accounting standards, giving many U.S. companies additional time to prepare, the Wall Street Journal reported.FASB on Wednesday approved its proposals for... Read Story
October 17, 2019, 07:20 AM


Just 26.3 percent of public company executives report their implementation of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board lease accounting standards is complete, according to a June 2019 Deloitte... Read Story
September 17, 2019, 07:17 AM


The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on... Read Story
August 16, 2019, 07:30 AM


The Financial Accounting Standards Board plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting last week, according to the Journal of... Read Story
July 23, 2019, 07:20 AM


The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would address issues raised by stakeholders during the implementation of Accounting Standards Update No. 2016-13, Financial Instruments—Credit... Read Story
June 28, 2019, 07:24 AM


The Financial Accounting Standards Board (FASB) today took a major step towards approving accounting relief for companies and organizations required to modify contracts as a result of new global reference rates.The board tentatively decided that for... Read Story
June 21, 2019, 07:21 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value. Issued in 2016, the credit... Read Story
May 16, 2019, 07:11 AM


LeaseAccelerator announced the results of the its third annual Progress Report on ASC 842, which focuses exclusively on U.S.-based private companies and their readiness for the new lease accounting standards. The deadline for most U.S.-based private... Read Story
April 11, 2019, 07:20 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that addresses two lessor implementation issues and clarifies that lessees and lessors are exempt from a certain interim disclosure requirement associated... Read Story
March 07, 2019, 07:15 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. The ASU also clarifies a specific lessor... Read Story
December 12, 2018, 07:19 AM


The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that amends the transition requirements and scope of the credit losses standard issued in 2016. “Since issuing the credit losses standard, the FASB staff... Read Story
November 19, 2018, 07:00 AM


The Financial Accounting Standards Board (FASB) issued a proposal that would reduce costs and ease implementation of the Leases standard for financial statement preparers. The proposal would also clarify a specific requirement in the standard related... Read Story
August 14, 2018, 07:20 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that reduces costs and eases implementation of the leases standard for financial statement preparers. “The targeted improvements in the ASU address areas our... Read Story
July 31, 2018, 07:17 AM


LeaseAccelerator announced the release of its Who is Most Impacted by the New Lease Accounting Standards report, a ranking of the US public companies with the largest leasing obligations. The report includes total operating lease obligations for the... Read Story
July 27, 2018, 07:15 AM


White Oak Healthcare Finance, LLC announced it closed an incremental financing for SoClean, Inc., a portfolio company of DW Healthcare Partners. White Oak financed DW’s acquisition of SoClean in 2017. SoClean is the only provider of fully automated... Read Story
May 17, 2018, 07:05 AM


Data suggests organizations are moving quickly with the assistance of Big 4 experience and sophisticated technology solutions, but many are not where they need to be. With the January 1, 2019, deadline looming for compliance with the Financial... Read Story
February 21, 2018, 07:21 AM


The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to reduce costs and ease implementation of the Leases standard for financial statement preparers.  Stakeholders are encouraged to review and... Read Story
January 08, 2018, 07:13 AM


Price Digests, the leading asset data provider to the commercial insurance and equipment finance industries, has launched a new solution that brings scale and efficiency to valuing large on-highway truck and trailer fleets. Leveraging... Read Story
December 14, 2017, 07:05 AM


LeaseAccelerator announced it will host its 2017 Lease Accounting Summit in New York City on November 15th. Immediately following the Current Financial Reporting Issues (CFRI) conference, held by the Financial Executive Insitute (FEI), summit... Read Story
November 02, 2017, 06:36 AM


Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, has entered into a preferred vendor agreement with Visual Lease, a cloud-based technology that helps companies manage their lease portfolio in real time. Grant Thornton’s... Read Story
October 18, 2017, 07:10 AM


LeaseAccelerator announced that it was recognized as one of 2017’s top 10 Financial Reporting Solution Providers in the latest edition of CFO Tech Outlook. The annual list of companies has been selected by the panel of experts and members of CFO Tech... Read Story
October 13, 2017, 07:00 AM


LeaseAccelerator announced fully-automated, “push-button” support for transition accounting in the latest release of its software-as-a-service application. As the initial 2019 deadline for the new lease accounting standards approaches, companies are... Read Story
October 04, 2017, 07:00 AM


With the January 1, 2018 deadline for complying with the Financial Accounting Standards Board (FASB) new revenue recognition standard rapidly approaching, 60 percent of public companies said they are facing challenges in implementing the standard by... Read Story
October 02, 2017, 07:12 AM


Accruent announced that Jamba Juice, healthy lifestyle brand and global leader in handcrafted blends, will manage its large retail store portfolio with Accruent’s lease administration software. The new FASB/IASB standards are the most sweeping... Read Story
September 15, 2017, 07:05 AM


Accruent announced that it has acquired Plano, Texas-based Lucernex, Inc.Lucernex is a leading, global provider of cloud-based, Integrated Workplace Management Systems (IWMS), including advanced solutions for organizations in any industry seeking... Read Story
August 10, 2017, 07:06 AM


A year and a half after the issuance of the Financial Accounting Standards Board’s (FASB) and International Accounting Standards Board’s (IASB) respective new lease accounting standards and a year and a half before compliance begins for U.S.-based... Read Story
August 07, 2017, 08:14 AM


FTI Consulting announced that Lawrence W. Smith, former board member of the Financial Accounting Standards Board (“FASB”), will join the firm’s SEC & Accounting Advisory Services practice within its Forensic & Litigation Consulting segment as a... Read Story
July 18, 2017, 07:05 AM


LeaseAccelerator announced the results of a Progress Report study gauging the readiness of large companies to support the new lease accounting standards (ASC 842) one year after their initial publication. The research study, conducted earlier this... Read Story
February 28, 2017, 07:10 AM


BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, and CoStar Real Estate Manager, a division of CoStar Group, Inc. and a leading lease management software provider, announced a strategic alliance under which BDO and... Read Story
November 02, 2016, 07:07 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and... Read Story
June 22, 2016, 07:15 AM


In a recent survey by KPMG LLP, the audit, tax and advisory firm, nearly half of all companies surveyed have not begun to assess the impacts of the new FASB lease accounting standard, which has an effective date of January 1, 2019.  “Although the... Read Story
June 15, 2016, 07:07 AM


Just 9.8 percent of more than 5,400 financial and accounting professionals say their companies are prepared to comply with the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting... Read Story
June 07, 2016, 07:07 AM


LeaseAccelerator announced the results of a market readiness survey for the new lease accounting standards. The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed... Read Story
May 13, 2016, 07:06 AM


The Independent Community Bankers of America® (ICBA) said the Financial Accounting Standards Board (FASB) has taken another important step in addressing community bank concerns with its proposed accounting standards update. FASB advanced a revised... Read Story
April 29, 2016, 07:00 AM


CHP Consulting has published the final version of its authoritative whitepaper on changes in international lease accounting standards.The fully revised Lease Accounting Reform: The Systems Impact for Asset Finance Lessors reflects the final standards... Read Story
March 25, 2016, 07:15 AM


The Equipment Leasing and Finance Association (ELFA) has released a host of new user-friendly tools to help lessors and lessees prepare for new lease accounting rules issued recently by the Financial Accounting Standards Board. The association is... Read Story
March 02, 2016, 07:10 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real... Read Story
February 26, 2016, 07:18 AM


Ralph Petta, President and CEO of the Equipment Leasing and Finance Association, released the following statement regarding the new lease accounting standard issued by the Financial Accounting Standards Board (FASB):“We welcome the release of the new... Read Story
February 26, 2016, 07:17 AM


A delegation of community bankers from the Independent Community Bankers of America® (ICBA) met with the Financial Accounting Standards Board (FASB) on widespread concerns with FASB’s controversial proposed accounting reforms. The three community... Read Story
February 08, 2016, 07:11 AM


The Independent Community Bankers of America® (ICBA) called on the full Financial Accounting Standards Board (FASB) to meet directly with community bankers on the adverse impact of FASB’s proposed Current Expected Credit Loss (CECL) model. In a... Read Story
January 11, 2016, 07:00 AM


The Financial Accounting Standards Board (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 (ASU) is... Read Story
November 12, 2015, 07:30 AM


The Equipment Leasing and Finance Association has released a new educational tool that addresses impending changes to the lease accounting standard. The white paper, “Changes in Lease Accounting: The Benefits of Equipment Lease Financing Remain,” is... Read Story
November 12, 2015, 07:20 AM


The International Accounting Standards Board (IASB) is in the process of finalizing a new International Financial Reporting Standard (IFRS) that will require companies to bring leases onto the balance sheet.  On March 16, 2015, it published a... Read Story
March 17, 2015, 07:03 AM


The Equipment Leasing and Finance Association has selected  John Bober, Global Technical Controller for GE Capital, to receive its 2014 Distinguished Service Award. The award honors individuals who have made significant contributions to the... Read Story
September 09, 2014, 07:00 AM


According to the Wall Street Journal, U.S. and international accounting rule makers are getting closer to a final version of thier proposed lease accounting overhaul, but the two boards are unlikely to use the same lease expensing model in their... Read Story
August 11, 2014, 06:50 AM


Full U.S. adoption of International Financial Reporting Standards (IFRS) appears unlikely to occur in the intermediate-term as the major accounting standard setters continue to move away from full convergence of their standards, according to a Fitch... Read Story
July 09, 2014, 06:37 AM


As the U.S. economy continues to improve and new technology solutions enter the marketplace, equipment finance companies are modernizing their IT systems and using technology in new ways to solve problems and create opportunity. The 2014 Software... Read Story
June 20, 2014, 07:00 AM


According to a report in the Journal of Accountancy, FASB and the IASB are still struggling to find common ground in their efforts to create a converged standard for financial reporting on leases.During a Tuesday meeting at FASB’s headquarters in... Read Story
March 20, 2014, 07:00 AM


Reuters reports that the draft rule forcing companies to put leases on their balance sheets is set to be eased after fierce opposition from companies worried that investors would take fright and that loans linked to leverage would be put at risk. The... Read Story
January 28, 2014, 06:57 AM


The Equipment Leasing and Finance Association (ELFA) has posted an article by Bill Bosco, Principal of Leasing 101, and member of the ELFA Financial Accounting Committee, on the lease accounting project to the ELFA website.  The article notes that... Read Story
October 04, 2013, 07:05 AM


Additional complexities for accountants who deal with a large number of operating leases will arise from the IASB’s proposals says the Global Forum for Corporate Reporting. Proposals to change the way in which leased assets are accounted for, put... Read Story
September 16, 2013, 06:55 AM


Calls for Boards to Reevaluate the Leases ProjectWilliam G. Sutton, CAE, President and CEO of the Equipment Leasing and Finance Association, released the following statement highlighting recent developments that add to mounting evidence that the... Read Story
September 04, 2013, 07:03 AM


The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) formally announced plans to create a joint transition resource group focused on the upcoming final converged standard on revenue recognition. The... Read Story
July 29, 2013, 07:01 AM


James L. Kroeker, former chief accountant for the U.S. Securities and Exchange Commission (SEC), has been appointed a member and vice chairman of the Financial Accounting Standards Board (FASB). The appointment was announced by the Board of Trustees... Read Story
July 25, 2013, 07:06 AM


Reuters reported that the  U.S. Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) found little common ground during a meeting held on Tuesday to help shield taxpayers from further bank bailouts despite... Read Story
July 24, 2013, 06:58 AM


Fitch Ratings expects lessors to face significant challenges in applying the new rules, but the impact on economic fundamentals in the leasing industry will be limited.Off-balance sheet treatment, which would end for most lessees under the terms of... Read Story
July 18, 2013, 06:59 AM


On July 9, ELFA's lease accounting team—members Rod Hurd, John Bober and Bill Bosco and Chief Operating Officer Ralph Petta—met at the offices of the Financial Accounting Standards Board in Norwalk, Conn., to discuss the lease accounting Exposure... Read Story
July 15, 2013, 06:58 AM


The FASB and the IASB will host several joint public roundtable meetings on their revised joint proposals on leases that were published in May 2013: the revised proposed FASB Accounting Standards Update, Leases (Topic 842), and the IASB Exposure... Read Story
July 03, 2013, 07:02 AM


The Equipment Leasing and Finance Association will hold a web seminar, “Changes in Lease Accounting: Analysis and Implications for Your Business,” on Thursday, June 27, 12:30pm-2pm ET. The web seminar will analyze the lease accounting Exposure Draft... Read Story
June 05, 2013, 07:03 AM


According to an article posted on the Journal of Accountancy, IASB Chairman Hans Hoogervorst on Thursday acknowledged the converged lease accounting proposal is bound to be unpopular with many companies.The report states that in a telephone... Read Story
May 17, 2013, 07:14 AM


William G. Sutton, CAE, President and CEO of the Equipment Leasing and Finance Association, today released the following statement regarding the exposure draft published by the Financial Accounting Standards Board (FASB) and the International... Read Story
May 16, 2013, 10:10 AM


The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today published for public comment a revised Exposure Draft outlining proposed changes to the accounting for leases. The proposal aims to improve... Read Story
May 16, 2013, 07:24 AM


The Financial Accounting Standards Board (FASB)  voted to extend the comment deadline for its proposal to improve financial reporting about expected credit losses on loans and other financial assets held by banks, financial institutions, and other... Read Story
March 29, 2013, 07:14 AM


The Financial Accounting Standards Board (FASB) will join the Accounting Standards Advisory Forum (ASAF), the new advisory group for the International Accounting Standards Board (IASB), the Financial Accounting Foundation (FAF) announced yesterday.... Read Story
March 20, 2013, 07:00 AM


CFO.com reports the new lease accounting proposal agreed upon by the FASB and IASB is still getting pummeled by finance executives. Ralph Petta, chief operating officer at the Equipment Leasing and Finance Association (ELFA) notes that the boards’... Read Story
September 20, 2012, 07:14 AM


CFO.com reported that companies that lease equipment could see their profits shrink in the early years of a contract under the new proposed Financial Accounting Standards Board’s (FASB) and International Accounting Standards Board’s (IASB) June 13th... Read Story
July 18, 2012, 07:29 AM


An article posted on CFO.com states that CFOs and CEOs of nonfinancial companies will have to use tables to explain financial data if the Financial Accounting Standards Board’s (FASB) liquidity disclosure proposal moves forward.According to the... Read Story
July 09, 2012, 07:25 AM


Leaseurope, the European Federation representing the leasing and automotive rental industry, is pleased to see that the Boards have officially communicated on the next steps in their Leases project. The timeframe should provide the leasing industry... Read Story
June 15, 2012, 08:00 AM


The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed on an approach for accounting for lease expenses as part of a project to revise lease accounting in International Financial Reporting... Read Story
June 14, 2012, 07:50 AM


In the latest developments on the Financial Accounting Standards Board (FASB)/International Accounting Standards Board (IASB) Leases Project, the Boards have conducted outreach meetings with the main objective of changing the lessee cost pattern. At... Read Story
May 03, 2012, 07:30 AM


The Financial Accounting Standards Board (FASB) has added to its agenda a project to re-examine the definition of a “nonpublic entity.” The decision by FASB Chairman Leslie F. Seidman to add the agenda project was based on comments from stakeholders... Read Story
March 09, 2012, 06:00 AM


A coalition of several leading nonprofit and commercial organizations, including the U.S. Chamber of Commerce, released a report today that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting... Read Story
February 17, 2012, 07:30 AM