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

Industry Topics

Lease Accounting

Information on financial accounting and reporting issues in the equipment finance space and their impact on the industry.
ELFA members enjoy special access to and discounts on many of the following resources. Learn more.

EL&F Articles

Additional Articles
Career Pathways
If 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.
elfa foundation

Foundation donors receive benefits, including early access to many of the following resources. Learn more.


Webinar Recordings

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

Additional 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)
  • ELFA issued a Comment Letter on Leases (Topic 842): Discount Rate for Lessees That are Not Public Business Entities (July 16, 2021)
  • FASB to Delay Lease Accounting Standard for Some Private Companies & Non-Profits - The Journal of Accountancy reported that, as a result of the coronavirus pandemic, FASB voted on April 8 to propose delaying the effective dates of its lease accounting standard for certain entities. (April 8, 2020)
  • 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. (October 16, 2019)
  • 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. (Oct 16, 2019)


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


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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