PacLease will hold a webinar on Jan. 6, 2011, to discuss proposed new lease accounting standards that will be finalized later in the year. The webinar is geared for private fleet operators.


Fleet managers and operators can learn more about how these changes will affect their company's financial statements. Plus, the webinar will dispel some of the myths associated with proposed lease accounting changes and how these changes impact the lease versus buy decision.

Sometime between the middle and the end of 2011, the U.S. Financial Accounting Standards Board and the International Accounting Standards Board plan to issue a new accounting standard that changes how leases are reported in financial statements. The proposed changes 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, visit the PacLease website at www.paclease.com/webinars.asp There is no cost for the webinar, which is open to private fleet managers and operators.