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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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.