FASB delays release of exposure draft on lease accounting

04/10/2013 | CFO.com

The Financial Accounting Standards Board won't release its clarification on how companies should recognize equipment and real estate leases on their balance sheet until May or June. The draft addresses accounting for leases of multiple assets and leases with both real estate and equipment components. The result could increase the record-keeping burden on accounting staff by requiring dual sets of records, says Bill Bosco, president of lease-accounting firm Leasing 101.

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