Update
ELFA Submits Comment Letter
In January 2019 ELFA filed a formal Comment Letter with the FASB on the Proposed Accounting Standards Update, Leases (Topic 842): Codification Improvements for Lessors. Read the letter.
New Bylined Article
ELFA has released a new article, The Silver Lining of Lease Accounting: What Organizations Should Know About the New Standard. Share this educational resources with your end-user customers.
ELFA Submits Comment Letter
In September 2018 ELFA filed a formal Comment Letter with the FASB on proposed amendments to the new lease accounting standard. The Proposed Accounting Standards Update, Leases (Topic 842): Narrow-Scope Improvements for Lessors, responds to three post-issuance questions: the accounting for sales, use and similar taxes; the accounting for other costs paid by a lessee that may benefit a lessor; and variable payments when contracts have lease and non-lease components. Read the letter.