Equipment Leasing and Finance Association - Equiping 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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Featured Content

The Financial Accounting Standards Board released a new lease accounting standard on February 25, 2016. Prepare for the new rules using the following resources.


Navigating the New Lease Accounting Standard

This white paper outlines what's in the standard and how to get ready.


FASB Agrees to Amendments to Help Ease Burden of Leases Implementation
At a November 2017 meeting, the FASB agreed to incorporate two amendments to help ease the burden of adoption and implementation of the new lease accounting standard (Topic 842).

EL&F Articles

  • What’s Changing With Lessor Accounting?

    The New Leasing Standard, Lessors and the Puzzle of Lease and Non-Lease Components

  • Easing Lessee Concerns Around Topic 842 Accounting

    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.

Additional Articles


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Submit Your Lease Accounting Questions

To help you prepare for the new lease accounting standard, ASC 842, ELFA’s Financial Accounting Committee has created a Lease Accounting Resource Group (LARG) comprised of key industry lease accounting experts. The goal of the LARG is to solicit or identify technical accounting questions and issues related to the implementation of ASC 842 and provide ELFA members with opinions and guidance to consider in your implementation. Learn more and submit your questions or concerns.

Lessee Tools

Access educational resources to share with your end-user customers on ELFA's Equipment Finance Advantage end-user website, including an FAQ document, tip sheets and more.

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