ELFA consultant examines proposals for leasing-accounting standards

08/10/2009 | Transport Topics

William Bosco, a member of the International Accounting Standards Board and the Financial Accounting Standards Board's International Working Group on lease accounting and an accounting-policy consultant at ELFA, explains proposed changes to accounting standards for leasing. ELFA is concerned about the proposals, Bosco writes, particularly how they would affect small and midsize companies. "The proposed new standard will be unnecessarily complex for preparers and will lead to lessee accounts being less understandable and comparable than they are under the current rules," he writes.

View Full Article in:

Transport Topics