Analysis: How to improve the lease-accounting proposal

09/17/2013 | CPA Journal, The

A lease-accounting standard proposed by the Financial Accounting Standards Board and the International Accounting Standards Board would introduce significant changes in lease-classification tests, expense recognition and presentation of balance sheets and cash flow. This article delves into the second exposure draft's details, notes how the proposal falls short for the industry and suggests what could be done to fix these shortcomings.

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CPA Journal, The