IASB abandons dual model for leasing

08/18/2014 | Compliance Week

The International Accounting Standards Board has indicated that it will embrace a single model for leases, rejecting a dual model jointly proposed with the Financial Accounting Standards Board in 2013. The IASB has concluded that most analysts and investors think that leases create assets and debtlike liabilities for a lessee and that a single model is easier to understand. The FASB is expected to retain a dual model.

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