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

Industry Topics


  • Dec. 1, 2015 - Lease Capitalization Calculators: Two new worksheets are available that calculate the estimated impact of applying the proposed new lease accounting rules for lessees. One is a FASB version and one is an IASB version. These revised worksheets reflect the FASB's decision to use a two-lease model.
  • Oct. 13, 2015 - On Oct. 7, the FASB held its last decision-making meeting on the Leases project. Read a brief summary of the issues discussed at the meeting.
  • June 22, 2015 - SNL Financial reports that the FASB is expected to finalize the rules for its controversial "expected-loss" model in the fourth quarter in 2015. Learn more.
  • May 26, 2015 - Read a detailed summary of decisions to date in the Leases project, with commentary from lease accounting expert Bill Bosco.
  • April 30, 2015 - The Q2 edition of the FASB Outlook, a quarterly electronic newsletter designed to keep stakeholders informed about key FASB projects and activities, is now available. Read the newsletter and subscribe.
  • April 9, 2015 - ELFA member Bill Bosco shares "Practical Implications of the New Leases Standard" in a Monitor Daily opinion piece.
  • March 16, 2015 - The IASB issued an overview of its upcoming lease accounting standard, saying it plans to complete its deliberations on the long-awaited standard this month and to issue the standard later this year, reports Accounting Today. Read the IASB staff Project Update: Leases: Practical implications of the new Leases Standard.
  • March 13, 2015 - Read a brief overview of the Lease Accounting Project
  • March 3, 2015 ELFA has submitted a comment letter to the Government Accounting Standards Board on lease accounting for state and local governments. The GASB is considering a one-lease model for municipal leases similar to what the IASB is proposing for commercial transactions. ELFA's letter supports the diverged FASB position on this matter, recognizing a two-lease model and preserving operating and capital lease treatment, similar to current GAAP. This standards development process is just beginning, and ELFA will provide more information as it becomes available. Read the letter
  • Jan. 14, 2015 - The January/February 2015 issue of ELFA's Equipment Leasing & Finance magazine includes an article on "What You Need to Know About Vendor Guarantees: Potential Impacts of New Lease and Revenue Accounting Standards" by Financial Accounting Committee members Scott Thacker, Alda M. Rodrigues and Toni Knudson. Read an abbreviated version of the article in the magazine, and read the full article here.

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