Monthly Archive: December 2014

Dec 29 2014

Recap of December 16, 2014 Joint FASB/IASB Lease Accounting Board Meeting

Leases. The FASB and the IASB (the Boards) continued redeliberating the proposals in the May 2013 Exposure Draft, Leases, specifically continuing the discussion from the October 2014 joint Board meeting about the definition of a lease. The Boards decided not to include in the definition of a lease a requirement that the customer must have …

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Dec 20 2014

Definition of a Lease

The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, “the Boards”) met earlier this week to continue their deliberations on the Joint Lease Accounting Project. The meeting focused specifically on the definition of a lease and the Boards reiterated the conclusions that they had reached in their Joint Meeting in …

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