Bloomberg BNA and the Equipment Leasing and Finance Association (ELFA) will host a 90-minute webinar on June 27 that reviews the Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) highly-anticipated exposure draft of their joint project to revise and converge the worldwide lease accounting standard. The webinar, Changes in Lease Accounting: Analysis and Implications for Your Business, will address how the proposed guidance could significantly change the way some businesses account for their lease obligations. This proposed guidance, which will require almost all leases to be brought on balance sheet, is the result of re-deliberations by the Boards following issuance of the first exposure draft in August 2010. Participants will gain a deeper understanding of the implications for lessee and lessor accounting and how the proposed rule changes may lead to unexpected financial results. Attendees will also gain insight into how companies can prepare now for these coming changes.Register now for this webinar to:
Changes in Lease Accounting: Analysis and Implications for Your Business will take place June 27, 2013 from 12:30 PM - 2:00 PM ET.Speakers:Bill Bosco, a member of the Lease Accounting Project Working Group (selected by the FASB/IASB), is a consultant specializing in the equipment leasing industry. Bill has over 36 years’ experience in the leasing business with CitiCapital, Sumitomo Bank Leasing and as a consultant. Bill has served on the Equipment Leasing and Finance Association’s Financial Accounting Committee for the last 22 years, 10 of which as the Chairman. John Bober is the Managing Director, Global Technical Controller at GE Energy Financial Services. He is currently seconded to the General Electric Company to manage matters related to the FASB-IASB’s lease accounting project. He has been active in the accounting standards setting process, having served on EITF and AcSEC working groups. He is also a member of the joint FASB and IASB international working group on lease accounting. Betty Davis is a partner in Ernst & Young’s On-Call Advisory Services practice and has over 25 years experience in lease accounting, both as a lessor in industry and as an accounting advisor at E&Y. She serves on the Financial Accounting Committee of the Equipment Leasing and Finance Association and is a frequent speaker on lease accounting matters. Ralph Petta is Chief Operating Officer for the Equipment Leasing and Finance Association. As liaison to ELFA's Financial Accounting Committee, he is responsible for managing the association's program to monitor, communicate and help develop strategy on key accounting and financial reporting issues of concern to ELFA member organizations. About ELFAThe Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $725 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its more than 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. ELFA has been equipping business for success for more than 50 years. For more information, please visit www.elfaonline.org and follow ELFA on Twitter @elfaonline.
Press Contact: Mark Carrington703.341.5880mcarrington@bna.com