Change for lease standard may put billions on balance sheet

11/3/2009 |

In determining a global standard for lease accounting, the U.S. and international standards boards have agreed to keep some leases out of the new terms. Companies are concerned about potentially billions of dollars in assets and liabilities being placed on balance sheets once the terms are defined. For now, firms can keep their future cash obligations low by filing leases under an "operating" classification.

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