The Financial Accounting Standards Board released a new lease accounting standard on February 25, 2016. Prepare for the new rules using the following resources.
This white paper outlines what's in the standard and how to get ready.
The New Leasing Standard, Lessors and the Puzzle of Lease and Non-Lease Components
Under Topic 842, there are two types of leases for lessee classification: finance leases, similar to what are known today as capital leases, and operating leases, the name of which is unchanged. This article sets forth a description of the lessee’s calculations for both finance and operating leases.
The ELFA Financial Accounting Committee has created a Lease Accounting Resource Group (LARG) to solicit or identify technical accounting questions and issues related to the implementation of ASC 842. Plus: Takeaways from the 2017 Lease & Finance Accountan
Changes resulting from the new allowance for loan and lease losses accounting standard (ASC Topic 326) may result in significant costs—some obvious, some subtle—for lessors. To mitigate the impact, planning should commence now.
Foundation donors receive benefits, including early access to many of the following resources. Learn more.
The U.S. tax code includes substancial tax intax incentives in the form of tax credits to promote new alternative energy projects.
This article examines how two recent IRS rulings on like-kind exchanges benefit lessors.
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