Monthly Archive: May 2013

May 31 2013

Lease Accounting Exposure Draft – Expense Presentation

In our posting earlier this month, we provided highlights of the May 2013 revised Exposure Draft jointly issued by the FASB and IASB proposing major changes to the manner in which lessees would account for their lease contracts. In that posting, we discussed the fact that leases would be classified based upon the nature of …

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May 18 2013

Revised Lease Accounting Exposure Draft Issued

The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) issued a Revised Exposure Draft (“ED”) earlier this week proposing major changes to the manner in which lessees would account for their lease contracts. The Revised ED contained a number of revisions to the 2010 Exposure Draft that the Boards originally issued …

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