ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Lease Accounting

Information on financial accounting and reporting issues in the equipment finance space and their impact on the industry.
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Articles

  • JELF Spring 2023: Full Issue

    This issue features articles on Marine Assets and Captive Finance.

  • JELF Spring 2023: Marine Vessels

    Valuation of marine vessels is complicated, not only in light of their high capital cost base but also in terms of shifting trading trends and a tightening regulatory environment, both domestically and internationally.

Career PathwaysIf you're looking to advance your career in the accounting and finance arena of the equipment finance industry, visit the ELFA Career Pathways “Accounting and Finance Roadmap,” a comprehensive list of training, events, tools and volunteer opportunities offered by the association, customized to your role and experience level.

Webinar Recordings

Please note: The date listed for each webinar is the original broadcast date.

Regulatory Updates

  • FASB votes to finalize lease accounting relief - CFO Drive (Feb. 15, 2023) 
  • ELFA submitted a Comment Letter to the International Sustainability Standards Board, which is working to develop a comprehensive global baseline of sustainability disclosures for the capital markets. ELFA's letter offers feedback on two proposals: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS 2 Climate-related Disclosures. (July 18, 2022)

Lease Accounting Standard ASC 842

The Financial Accounting Standards Board released a new lease accounting standard on February 25, 2016. The following resources are designed to help explain the changes.

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Submit Your Lease Accounting Questions

For questions about the lease accounting standard, ASC 842, contact Lisa Ramirez, staff liaison to the Financial Accounting Committee, at lramirez@elfaonline.org.