Largest Industry Gathering to Date on Proposed FASB/IASB Changes Webinar Hosted by Industry Leaders International Decision Systems and Asset Finance International
Minneapolis, MN — International Decision Systems® (IDS), the leading provider of asset finance software, and Asset Finance International, the leading online source of news and information for the leasing industry, announced today an overwhelming response to their free webinar last week focused on the proposed new lease accounting changes outlined by the FASB and IASB.
On January 27, 2011, 450 leasing professionals from 31 countries participated in the online informational webinar offered to help asset finance companies learn more about the proposed standard, the possible effect on company balance sheets, and what organizations can do to plan ahead for compliance with expected regulation changes.
The webinar, entitled “Lease Accounting: How to Prepare for the New Rules,” featured a panel of industry experts including:
· Alan Leesmith, Director, IAA-Advisory;
· Mark Venus, Projects Director, BNP Paribas, Chair of Leaseurope’s Accounting and Taxation Committee, and a member of the IASB/FASB joint working group;
· Rodney W. Hurd, Chief Financial Officer, Bridgeway Capital Advisors, Inc. and Chair of the ELFA Financial Accounting Committee;
· Jacqueline Mills, Senior Advisor, Economic and Financial Affairs, Leaseurope;
· Katie Emmel, Director of Product Management and Support, International Decision Systems; and
· Andy Thompson, Legal and Regulatory Editor, Asset Finance International.
The presenters gave their analyses on key points related to the proposed lease accounting changes, including an overview of the exposure draft proposal issued last August by the FASB/IASB, the latest summary of the more than 761 comment letters submitted to the combined boards, a prediction of the anticipated path forward by the boards and the likely compromises to be made, and suggestions on how companies can best prepare for likely changes.
“Attendance levels for this event far surpassed anyone’s expectations,” said Terry Welty, Chief Marketing Officer at IDS. “This indicates how seriously industry leaders are taking the issue. Because so many asset finance companies rely on IDS solutions to run their business, we saw a clear need to take the lead in sharing the latest information available and begin to lay the groundwork for helping the leasing industry get ready for the considerable changes that lie ahead.”
Said Edward Peck, Publisher of Asset Finance International, “We pride ourselves on being the leading source of information and topical items in the industry. We’re very proud to have partnered with IDS to put together the largest industry gathering to date on this important subject. The industry should expect that IDS and AFI will continue this series in the months ahead, as the subject will only to continue to grow in importance as we approach the coming deadline in June.”
About International Decision Systems:
IDS is the leading provider of software and solutions for the equipment finance market. For over 30 years, the company has offered integrated solutions from origination through disposition and asset management, supported by an ongoing research and development effort unrivaled in the market space. Customers include approximately 50% of the largest leasing companies in the United States, and an increasing number of the largest global players. In addition to offering powerful, flexible software, IDS provides the industry experience and expertise to assure successful, complete solutions. Headquartered in Minneapolis, MN, the company also has offices in the United Kingdom, India, Singapore and Australia. For additional information, visit www.idsgrp.com.
About Asset Finance International:
Asset Finance International is the leading online community website reaching over 26,000 leasing professionals with news, research and the most comprehensive "Jobs Board" available for the global leasing industry. Asset Finance International’s recent in-depth coverage of the Lease Accounting standards proposals, and its exclusive profiles of Asset Finance thought leaders including David Merrill, Vahid Daemi, Ronald Slaats, and Max Moi have grabbed the attention of an industry which is experiencing a period of rapid change. Readers register to gain free access through a simple process, which takes less than one minute to complete.
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