New rules for lease accounting are coming. Are CFOs prepared?
FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking.
It's not too early to start looking into responses to the rule changes, which take effect in 2018.
Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
Offering big data from on-board computers, truck-leasing firm Fleet Advantage tries to cement bonds with clients, its CFO says.
The global accounting standards setter rejects FASB's dual model for reporting leases, putting another nail in the coffin of convergence.
Many CFOs agree that companies should put leases on the balance sheet. But the 'how' has them up in arms.
If standards setters require lease accounting on corporate balance sheets, borrowers could break their loan covenants.
Proposals to clean up lease accounting will hit many firms’ balance sheets.
Ahead of a key deadline for comments on a new lease-accounting proposal, more discord over the rules surfaces. Equipment lease- financing firms wonder if global convergence can be achieved.
The changes proposed by FASB and IASB address a limited set of weaknesses in the existing rules that merely need some tightening, not a complete overhaul.
FASB and IASB are moving closer towards a converged final standard on how to account for leases. But several sticking points remain.
