Preparing for the New Lease Accounting Rules

The new lease accounting rules – ASC Topic 842 were signed in 2016 with a long implementation window such that public companies must transition to the new rules in 2019.  And while 2019 seems distant, many actions should begin now.  The presentation requirements are to show 3 year’s P&L (2017, 2018, & 2019) and 2 […]


“Where have all the cowboys gone?”   In addition to being a heavily mediocre ‘90s pop song, it’s a phrase that might be ringing in the head of middle market CFOs. For years there was a clear delineation when accessing capital: the banks and the industrial finance companies. And while it was occasionally fun to […]

Executive Summary

The FASB version of the Leases project is expected to be issued within the next 2 weeks. The following is a brief summary of the proposed changes and transition plan for Lessee Accounting

FASB – Preparing for the Upcoming Leasing Standard

During the first quarter of 2016, the FASB will issue its new standard on Leases. While the standard will represent a significant improvement to financial reporting, it also will be a change for many organizations—particularly those who engage in significant activities as a lessee.

Fair Market Value or $1 Buyout Lease

When you’re looking to preserve or access capital, equipment financing is an attractive option that offers these and numerous other benefits when acquiring equipment.

Convergence Lease Project

To help our clients better understand the FASB / IASB Convergence project and how it may affect their business, we have provided answers to the most common questions effecting lessees regarding the current state of the project.

Inception of the Lease

Issue: Identify the proper date of lease inception for multiple “takedowns” subject to a Master Lease Agreement. Inception of the lease. With the exception noted below, the date of the lease agreement or commitment, if earlier.

Infographic – The Road to Equipment Finance

Equip your business for success. Equipment finance not only contributes to businesses success, but also to U.S. economic growth, manufacturing and jobs. With 7 out of 10 businesses in the United States using some form of financing to acquire equipment assets, equipment finance is an important component of achieving business success.