Lease Accounting Update from JofA (1 post)

  • Profile picture of bmaves bmaves2p said 4 years, 4 months ago:

    The lease proposal, which is scheduled to be released for public comment by FASB in May, would put all leases on the balance sheet. It would require a dual expense-recognition approach for lessees (excluding short-term leases), depending on whether significant consumption occurs during the lease period.

    The IASB plans to release its exposure draft by June 30.

    See article link below.

    http://www.journalofaccountancy.com/News/20137752.htm