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News Stories (5 Results) - GAAP

CG Commercial Finance (CGCF) and Bill Bosco released their update on the GAAP/IFRS convergence project.   CGCF is providing this summary to its clients to assist them to better understand the status of the project and how it may affect their business... Read Story
October 10, 2014, 05:00 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

The latest FASB/IASB Lease Accounting Project meetings on February 28 and 29 had as the main objective changing the lessee cost pattern to straight line similar to current GAAP. The reason for the continued work on the lessee cost pattern is that... Read Story
April 27, 2012, 05:30 AM

In a new paper on lease accounting, “Are All Leases Created Equal?”, Grant Thornton LLP discusses the FASB’s and IASB’s current thinking on lease accounting. The Boards have tentatively decided on a single model for lessors (the receivable and... Read Story
March 09, 2012, 06:30 AM