Equipment Leasing and Finance Association - Equiping Business for Success

Lease Accounting Tools for Lessors and Lessees

The Financial Accounting Standards Board released a new lease accounting standard on February 25, 2016. This page contains resources and information to help you prepare for the new rules.

The new standard is scheduled to take effect for financial periods starting after December 15, 2018 for public companies and after December 15, 2019 for private companies. For companies with calendar year ends that means 2019 for public companies and 2020 for private companies.

Please note: ELFA members are welcome to share the following documents with your staff, vendor partners, end-users and other stakeholders. If you reproduce this material, please credit ELFA as follows: “This information is brought to you by COMPANY NAME and the Equipment Leasing and Finance Association.”

Tools to Prepare:

Tools for Lessees:


If you have questions about accessing any of the documents on this page, please contact Amy Vogt at