Lease-accounting proposal includes challenges, Fitch says

07/18/2013 | Accounting Today

Financial-reporting standards for lessors and lessees would change under a proposal from the Financial Accounting Standards Board and the International Accounting Standards Board. Fitch Ratings says changes proposed in the exposure draft would prevent lessees from using off-balance-sheet treatment when leasing assets. Other leasing benefits, including reduced capital outlays and portfolio-management flexibility, would remain unchanged.

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