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New accounting rules that will require companies to include virtually all leases on their balance sheets will not affect credit ratings or the approach Fitch Ratings uses in adjusting leverage metrics to take account of leases, the ratings agency has announced.
Read More →Companies who lease vehicles will now be required to include the leases on their balance sheets but won't have the leases counted as debt under new lease accounting rules released by the Financial Accounting Standards Board (FASB) on Feb. 25.
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Choosing a leasing instrument during the procurement process is a vital aspect of fleet management that requires consideration of costs, utilization, and remarketing scenarios.
Read More →The Financial Accounting Standard Board (FASB) and the International Accounting Standards Board (IASB) plan to hold a number of public roundtable meetings in the fall of this year on their revised joint proposals on lease accounting standards.
Read More →NORWALK, CT - The IASB and FASB boards discussed whether to include inventory assets related to a leased asset in the standard, the application of financial asset guidance to the right to receive lease payments, the accounting for residual value guarantees by lessors, and related topics.
Read More →NORWALK, CT - The IASB and FASB said that re-exposing the draft will give those interested the opportunity to comment on revisions that the boards have made since releasing a draft on leasing standards in August of 2010.
Read More →EDEN PRAIRIE, MN – Corporate fleet managers rate higher and more volatile fuel prices as their top concern in 2011.
Read More →GE Capital Fleet Services will host a webinar on Thursday, March 17 to examine how potential changes by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (ISB) could change balance sheet and income statement presentation for certain lease financing.
Read More →WASHINGTON - The Equipment Leasing and Finance Association (ELFA) released a statement July 17 on proposed revisions to lease accounting standards (FAS 13) and submitted a comment letter to the Financial Accounting Standards Board.
Read More →WASHINGTON - The Equipment Leasing and Finance Association (ELFA) released a statement July 17 on proposed revisions to lease accounting standards (FAS 13) and submitted a comment letter to the Financial Accounting Standards Board.
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