Most measures of productivity are presented in the form of Key Performance Indicators (“KPIs”). However, we at ILeasePro believe that there are other performance attributes which may not be quantifiable in the sense of KPIs but are equally important to consider in making a selection of a technology solution. When we designed iLeasePro, we considered… Read More »
There has not been much publicity over the last two months about the proposed changes to lease accounting. However, it is our understanding the staffs of the Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively “the Boards”) are near completion of a final standard to be issued by each of… Read More »
There has been much focus on the specific calculations required to comply with the proposed leasing standards. However, with the final standard expected to be issued in the fourth quarter of this year, financial statement preparers should also focus on the proposed disclosure requirements. The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards… Read More »
At its April 7, 2015 meeting, the Financial Accounting Standards Board (“the Board”) continued the redeliberations on its Lease Accounting Project, specifically focusing on matters relating to lessees that are not public business entities (“PBEs”). The Board had previously determined that entities that are not PBEs could make an accounting election to use a risk… Read More »
The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”), collectively (“the Boards”) met separately in February 2015 and substantially concluded their redeliberations on the proposed changes to lease accounting. The Boards came to different conclusions on a number of matters. Regarding lessee transition to the new accounting standard, the FASB decided… Read More »
The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively “the Boards”) are in the process of completing a major Joint Accounting Project which will dramatically change the way that lessees account for their portfolio of leases. The objective of the Boards’ Joint Project was convergence on lease accounting, namely, an… Read More »
The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively “the Boards”) met earlier this week to continue deliberating their Joint Lease Accounting Project and specifically to discuss lessee disclosures. The Boards reaffirmed that the objective of lessee disclosures is to provide the financial statement users with sufficient information to assess… Read More »
The Joint Project on Lease Accounting initiated by the Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”), collectively (“the Boards”) has certainly been ongoing for a significant amount of time. However, progress was made during 2014 and it appears as if the Boards are ready to finalize their deliberations. Let’s review… Read More »
Leases. The FASB and the IASB (the Boards) continued redeliberating the proposals in the May 2013 Exposure Draft, Leases, specifically continuing the discussion from the October 2014 joint Board meeting about the definition of a lease. The Boards decided not to include in the definition of a lease a requirement that the customer must have… Read More »
The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, “the Boards”) met earlier this week to continue their deliberations on the Joint Lease Accounting Project. The meeting focused specifically on the definition of a lease and the Boards reiterated the conclusions that they had reached in their Joint Meeting in… Read More »