Fleet News

CHP publishes lease accounting white paper

CHP Consulting has published the second in a series of thought leadership pieces on the IASB and FASB’s overhaul of lease accounting.

Lease Accounting Reform: The Systems Impact for Asset Finance Lessors summarises the key features of the proposals so far, and considers the current implications for lessors from a systems perspective. The paper also provides an overview of the current accounting standards, and highlights the key changes made to the original proposals set out in 2010’s Exposure Draft.

Ralph Neuff, relationship director and a member of CHP’s Operational Board, said: “The original proposals were widely held to be too burdensome and subjective, but the industry has broadly welcomed the revisions since then. This is our take on the situation as it stands, and we will continue to issue expert commentary as changes occur.”

The IASB and FASB are expected to issue a revised proposal for a new lease accounting standard in the second half of 2012. In February 2011, CHP Consulting issued the whitepaper How lessors are meeting new challenges using futureproof technology, which addressed three principal systems issues raised by changes proposed in the Exposure Draft.

Click Here to read the full report

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Fleet news logo
Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

Fleet news logo
What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee