Equipment Finance Experts to Provide Preview of Forthcoming FASB 842 and IFRS 16

GREAT FALLS, Va., Nov. 5, 2015  — LeaseAccelerator, the leader in Equipment Lease Management software, announced today that it will be hosting a webinar on the forthcoming New Lease Accounting Standards. The company’s experts have been closely monitoring the latest proposals and comments on both FASB 842 and IFRS 16.

Designed for Fortune 500 companies that lease more than $100M in equipment, the webinar will educate attendees on the new standards as well as offer consultation on how to start preparing for the changes.

What: Preview of the New Lease Accounting Standards – FASB 842 and IFRS 16.

Key Topics will include:

  • When will the new rules for equipment leasing go into effect?
  • How will the FASB rules compare to IFRS?
  • Will you have to keep two sets of books during the transition period?
  • How will this affect key financial ratios, such as profitability, EBITDA and return on assets?

How: Educational webinar with audience Q&A.

Who: Michael Keeler, CEO of LeaseAccelerator.
Bruce Conway, VP of operations at LeaseAccelerator.

When: Thursday, November 12, 2015 at 1 p.m. Eastern (10 a.m. Pacific).

Where: Sign up for the webinar here.

During the webinar, lease accounting experts will outline a nine-step process for transitioning to the new standards. Additionally, the presenters will share lessons learned from early adopters who have already re-engineered their leasing programs.

About LeaseAccelerator:
LeaseAccelerator offers the market-leading SaaS solution for Equipment Lease Management (ELM), delivering hard cost savings, compliance and best practices to large, international lessees. LeaseAccelerator is the only solution that covers the entire enterprise equipment leasing lifecycle, including: equipment lease sourcing, which saves 6-8% by driving down capital costs; portfolio and performance management, which 8-12% by improving end-of-term return performance; and lease accounting, which enables compliance with current and new FASB, IFRS and SOX standards. Learn more at www.leaseaccelerator.com.

Through LeaseAccelerator’s Capital Sourcing marketplace, customers can access The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our clients’ business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors. LeaseAccelerator supports transactions in 50 countries, spanning a wide variety of asset types: corporate aircrafts, computers, construction, forklifts, furniture, IT, manufacturing, mining, networking and transportation equipment. Lessors are encouraged to register at http://www.lessornetwork.com/.