Paccar Leasing (PacLease) will be holding a free webinar on Thursday, July 14, to update the status of proposed FASB and IASB accounting changes and how they affect leasing. The proposed changes will revise current accounting treatments under existing U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Recording Standards (IFRS).
Brent Stevens, corporate services manager at PacLease, will detail the changes and how they will affect a company’s financial statements.
He will also address what he calls the myths associated with lease-accounting and how these influence the lease vs. buy decision.
Stevens is a registered CPA and is involved with the Truck Renting and Leasing Assn (TRALA) work group focusing on the proposed changes. He also has worked for PacLease for 22 years.
There is no cost for the webinar. To register, go to the PacLease website at www.paclease.com/webinars.asp.