As we have been discussing for a number of weeks, there are major changes that are being proposed in the accounting for leases for both lessees and lessors, with the major emphasis initially being directed to the lessee community. The result of these changes will be the elimination of the operating lease form of accounting, …
Tag Archive: Action Plan
Apr 01 2011
LEASE ACCOUNTING CHANGE EXAMPLE
LEASE ACCOUNTING CHANGE EXAMPLE iLease Management LLC monitors and reports on the progress of the proposed changes to lease accounting. The FASB and the IASB issued an Exposure Draft in 2010 which generated a significant amount of controversy among preparers and users of financial statements. The Boards continue to meet to evaluate the more contentious …
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