FASB, IASB propose new approach to lease accounting

05/15/2013 | JournalofAccountancy.com

The Financial Accounting Standards Board and the International Accounting Standards Board earlier today issued a proposed, revised financial reporting standard for leases that represents an important step forward in a challenging convergence project. The proposal calls for a dual approach to the recognition, measurement and presentation of expenses and cash flows arising from leases that would treat most real estate leases differently from most equipment or vehicle leases.

View Full Article in:

JournalofAccountancy.com

Published in Brief: