PacLease to host webinar on proposed accounting changes

Paccar Leasing (PacLease) will hold an informational webinar on Jan. 6, 2011 to help explain new accounting standards affecting how leases are reported in financial statements. The U.S. Financial Accounting Standards Board and the International Accounting Standards Board are jointly planning on issuing these new standards later in 2011

Paccar Leasing (PacLease) will hold an informational webinar on Jan. 6, 2011 to help explain new accounting standards affecting how leases are reported in financial statements. The U.S. Financial Accounting Standards Board and the International Accounting Standards Board are jointly planning on issuing these new standards later in 2011.

The PacLease informational webinar will delve into the proposal and how the new standards could impact private fleet operators.

The webinar will take place from 11 a.m. to noon EST.

There is no cost for the webinar, which is open to private fleet managers and operators.

PacLease noted the webinar will also seek to dispel some of the myths associated with proposed lease accounting changes and how these changes impact the lease vs. buy decision.

The proposed changes would revise current accounting treatments under existing U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Recording Standards (IFRS).

“Attendance is a must for private fleet operators and financial decision-makers to better understand how these accounting changes will impact their operations, particularly if they’re looking at leasing as a financing option,” said Olen Hunter, PacLease sales director.

To register for the webinar, go to the PacLease website at http://www.paclease.com/webinars.asp.

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