Lease Accounting Reform 2014: The Systems Impact for Asset Finance Lessors

  • Created on 20 Oct 2014

This article was originally posted under CHP Consulting.

CHP Consulting has produced a newly updated whitepaper on changing standards in lease accounting, to address the latest output from the IASB and FASB.

The fully revised Lease Accounting Reform: The Systems Impact for Asset Finance Lessors reflects the latest proposals from the Boards, together with notes from their redeliberation meetings, up to July 2014.

In the paper, CHP provides an overview of the current accounting standards, condenses the Exposure Draft feedback, summarises the tentative decisions made by the Boards in their redeliberations for both lessor and lessee accounting, and considers the systems implications for lessors.