Webinar examines issues in lease-accounting proposal

07/1/2013 | Bloomberg BNA (free content)

Participants in a webinar co-sponsored by ELFA on proposed changes to lease accounting have raised issues that concern the equipment-leasing industry, including front-loaded costs, loss of equity and complex deferred tax accounting, says panelist Bill Bosco, who has advocated for ELFA on the matter. ELFA Chief Operating Officer Ralph Petta moderated the panel. Petta and Bosco indicated that the Financial Accounting Standards Board and the International Accounting Standards Board should be prepared for an onslaught of comment letters.

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Bloomberg BNA (free content)