Article Banner

Fleet Managers — Preparing for the New FASB Rules

Fleet Management Weekly

By Mike Quimby, Senior Vice President & General Manager, Element Fleet Management


If you’re a fleet manager, chances are you’re aware that the Financial Accounting Standards Board (FASB) is moving forward with a new standard requiring companies and organizations to include lease obligations on their balance sheets.

“We believe that this new standard is important because it will provide investors, lenders and other users of financial statements a more accurate picture of the long-term financial obligations of the companies to which they provide capital,” said FASB Chairman Russell G. Golden in a press release.

article thumb main

Read more at Fleet Management Weekly.

share this page

Never miss an update

Subscribe to Element Fleet news and thought leadership today.

Have a question?

We're here to help. Whether you're a fleet manager, driver or supplier, our fleet management experts have the answers. Connect with us today.