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The move to put lease obligations on the balance sheet brings up questions on whether the change would affect a company’s ability to borrow money, its financial statements and the accounting of closed- and open-end leases.
Read More →At NAFA’s fleet conference last week, heads of the major leasing companies talked about rising oil prices, distracted driving, changing to leasing rules and managing the rush of technology.
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The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?
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