The Lessors Network
.
Arrow  About    Arrow  Advertise    Arrow  Contact    Arrow  Email Alerts    Arrow  Sitemap
A Vertical News & Marketing Network Serving
The Equipment Lease Finance Industry
Lessors Network Header
Lessors Network Logo

The Equipment Finance Industry has grown to over $1 Trillion in the U.S. with over 5 million Websites according to Google. Understandably, it can be difficult identifying and evaluating the resources you need using Traditional Search Engines. This is where the largest equipment finance community on the Web can help...

Blue Arrow   Go To Home Page
.
Lessors Network Ad

Summit Funding Group

Lessors Network Shadow
Summit Funding

Since our inception in 1993, Summit Funding Group, Inc. has amassed a high performing portfolio in excess of $3 billion in equipment lease and finance originations and a history of working with companies of all sizes and most industries.

Contact: Richard Ross - 513.489.1222
.
Visit Website
.
Breaking News Network
    Arrow  Submit Press Releases  
Lessors Network Shadow

Get ready for FASB’s lease accounting rules

.

When it comes to the hottest accounting issue for banks, the Financial Accounting Standards Board’s upcoming current expected credit loss (CECL) standard is typically what comes to mind. But there is another issue on the horizon: the updated lease accounting standards.

Earlier this year, FASB issued the update to improve how banks report and track their leases. The approach was to take the information, which has been historically considered “off balance sheet,” and record these items directly on the financial statements.

How things will change

The talks around reevaluating this standard date back to 2006 and it’s been easy to tune out that conversation. However, the new standards will be here before you know it. (Jan. 1, 2019, for public companies, Jan. 1, 2020, for private companies).

Blue Arrow   Continue Viewing This Bank Exchange Story

.

  Free Headlines In Your Inbox

Email Alerts
Every day we send out free Email Alerts with the most important
headlines of the last 24 hours (excluding slow news days).
.
.
 Blue Arrow


.

A Lessors.com, Inc. Company     © Copyright 1998 - 2017
.