FASB delays implementation of accounting standards for some companies - The Financial Accounting Standards Board voted on Oct. 16 to extend the implementation deadline for several accounting standards, giving many U.S. companies additional time to prepare. The effective dates will be delayed for private companies and certain other entities for FASB’s standards on accounting for leases, credit losses (known as CECL), and hedging. Read more.
INSIGHT: Should I Lease or Buy? New Tax and Accounting Rules Add Complexity - In this Bloomberg Tax article, ELFA member Bill Bosco analyzes the reasons companies lease and demonstrates how choosing the right lease product and structure can result in improved financial results. Read more.