New Accounting Standards May Bring Vehicles Leases on Your Balance Sheet

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets. For public companies following FASB standards, the effective date for implementation is for the fiscal year beginning on or after December 15, 2018. For all other…

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Author Profile
Vice President of Finance -

Paul Azores is Vice President of Finance at ARI in Mount Laurel, New Jersey, the world’s largest family-owned fleet management company, managing nearly 1.5 million vehicles in North America, the UK and Europe.

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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