Knowledge centre

Industry Associations

Leaseurope

Leaseurope

Leaseurope is the European Federation of Leasing Company Associations, and was founded in 1972. Since April 2006, Leaseurope, represents as an umbrella body both the leasing and automotive rental industries in Europe, and is composed of 45 Member Associations in 33 countries.

FLA

FLA – The Finance & Leasing Association

The Finance & Leasing Association is the leading trade body for the asset, consumer and motor finance sectors in the UK, and the largest organisation of its kind in Europe.

ELFA

Equipment Leasing & Finance Association

The Equipment Leasing and Finance Association is the trade association representing financial services companies and manufacturers in the U.S. equipment finance sector

LeaseFoundation

Equipment Leasing & Finance Foundation

The Equipment Leasing & Finance Foundation provides independent, forward-looking research for the equipment finance industry.

IFRS 9 - Financial Instruments

IFRS9

This standard introduces 3 items:

  1. Classification and measurement: a new logical model
  2. Impairment: a forward looking "expected credit loss" model.
  3. Hedge accounting

The standard is effective for accounting periods starting on or after 1 January 2018. Earlier application is permitted.

The most up-to-date documentation, commentaries etc for the standard can be found at the IFRS organisation's website.

The IFRS standard itself can be found here: www.ifrs.org

Alternatively, you can read the text here: ifrs9_153

IFRS 15 - Revenue from Contracts with Customers

IFRS15

The objective of IFRS 15 is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows arising from a contract with a customer.

The standard applies to all contracts with customers except for: leases within the scope of IAS 17 Leases (now IFRS16); financial instruments and other contractual rights or obligations within the scope of IFRS 9 Financial Instruments

The standard is effective for accounting periods starting on or after 1 January 2018. Earlier application is permitted.

The most up-to-date documentation, commentaries etc for the standard can be found at the IFRS organisation's website.

The IFRS standard itself can be found here: http://www.ifrs.org/IFRSs/Pages/IFRS.aspx

Alternatively, you can read the text here: ifrs15_167

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