Companies Should Update Lease Accounting Systems, Experts Advise
FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking.
How to Mitigate the Impact of New Lease Accounting Rules
It's not too early to start looking into responses to the rule changes, which take effect in 2018.
The Struggle to Simplify Accounting
Companies just don’t want to give up the flexibility to manage financial reporting that's provided by the complexity of accounting standards.
Leasing Firm Parlays Big Data Into Sales
Offering big data from on-board computers, truck-leasing firm Fleet Advantage tries to cement bonds with clients, its CFO says.
IASB Goes Its Own Way on Lease Accounting
The global accounting standards setter rejects FASB's dual model for reporting leases, putting another nail in the coffin of convergence.
The Path of Lease Resistance
Many CFOs agree that companies should put leases on the balance sheet. But the 'how' has them up in arms.
Lease Accounting Changes Could Jar Bank Covenants
If standards setters require lease accounting on corporate balance sheets, borrowers could break their loan covenants.
Lease Accounting Rules Raise Ire Down to the Wire
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.
Lease-Accounting Rules: Tinker, Don’t Trash
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.