Lease Accounting

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.

ELFA Webinar: Lease and Loan Modifications and Restructurings in the COVID-19 Environment

ELFA Webinar: The FASB: Where to Now?

ELFA Webinar: CECL: A New Accounting Standard and a Challenging Credit Environment

EL&F Articles

Where to Now?

Takeaways from the 2021 Lease and Finance Accountants Conference Live
Build-to-Suits:
More Popular than Ever

Lessees are entering into build-to-suit arrangements in record numbers.

Additional Articles

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

Additional Research

Articles

Residual Value and the Value/Risk Trade-off in Lease-Versus-Buy Descisons

This article provides a framework for measuring risk transfer and making the value/risk trade-off in this situation, including for leases with renewal options, by means of a value to risk ratio.
Independents: Niche Focus for Continued Success

This issue of the Journal features articles on Customer EaaS Solutions and Independents

Additional Articles

COVID-19 Resources

ELFA submitted a comment letter to the FASB on Dec. 3 on their new lease accounting proposal. The proposal is intended to improve three areas of its lease accounting guidance. Read the letter.
ELFA submitted a comment letter to the FASB on May 5 in support of their proposal to grant a one-year effective date delay for certain stakeholders applying leases and revenue recognition guidance. Read ELFA's letter and the FASB proposal.
Q&A - The FASB has developed a Q&A to respond to frequently asked questions about accounting for lease concessions related to the effects of the COVID-19 pandemic. Read more.
Guidance - Given the severity of the broad COVID-19 impacts on the economy, industries and individual businesses, the major accounting firms have been publishing guidance on some of the accounting and reporting implications that companies need to consider in 2020. Read more.
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.

Additional Updates

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.
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.

Tools

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

Time Is On Your Side: Making the Most of the Delay in Lease Accounting Changes

Navigating the New Lease Accounting Standard

Infographic: Top 5 Tips to Prepare for the New Lease Accounting Rules

Lessor Tools

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.

Learn more

Equipment Leasing and Finance Association - Equipping Business for Success

Industry Topics