Sean Egan

Author's details

Name: Sean Egan
Date registered: February 15, 2013

Latest posts

  1. New Lease Accounting Standard – Implementation Challenges — June 16, 2016
  2. FASB/IASB April 23, 2014 Meeting — April 26, 2014
  3. Lease Accounting Update November 19, 2013 — November 19, 2013
  4. Joint FASB/IASB Roundtable on Leases — September 26, 2013

Author's posts listings

Jun 16 2016

New Lease Accounting Standard – Implementation Challenges

A survey on the impact of the new lease accounting standard (as it pertains to lessees) was recently completed and its results validated some of the feedback that we have been providing over the last few years about how organizations are responding to the new change and major pain points that must be addressed as …

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Apr 26 2014

FASB/IASB April 23, 2014 Meeting

The FASB and the IASB (“the Boards”) held a joint meeting earlier this week to continue their discussions on the proposed changes to the lease accounting standard. The Boards made more progress and came to a number of tentative conclusions designed to simplify their 2013 proposal. The definition of a “lease modification” was made clearer, …

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Nov 19 2013

Lease Accounting Update November 19, 2013

In our Comment Letter to the FASB and IASB of September 18, 2013, we cited four main points as follows: Defer the resolution of the lessor accounting issue – this is by far less important than the concerns over lessee accounting. Focus on balance sheet recognition for lessee accounting and bring the issue to as …

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Sep 26 2013

Joint FASB/IASB Roundtable on Leases

Earlier this week, I attended one of the Joint FASB/IASB Roundtable session on Leases held in Norwalk CT. There were only about 15 attendees from those who submitted comment letters which was somewhat surprising since there were close to 600 comments letters submitted.  Numerous FASB and IASB Board members and staff were also in attendance. …

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