PACCAR Leasing (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 impact their company's financial statements. The webinar will also dispel some of the myths associated with proposed lease accounting changes and how they impact the lease versus buy decision.

Sometime during the second half 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).

AT A GLANCE

FROM: PACCAR Leasing (PacLease)
WHAT: Lease accounting changes
WHO: Private fleet managers, operators, and financial decision makers
TIME & DATE: 8 to 9 a.m. PST Thursday, Jan. 6, 2011
HOW: Register at http://www.paclease.com/webinars.asp
COST: No cost.
WHY: 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.