Firms play wait-and-see on lease-accounting rules

12/2/2009 | CFO Magazine

Potential changes to lease-accounting rules are leaving some firms in limbo. "The ability to do any financial engineering, which [the Financial Accounting Standards Board and the International Accounting Standards Board] are very afraid of, will be severely diminished," said Bill Bosco, who consults for ELFA and sits on the International Working Group on Lease Accounting. Under one proposed change, all leases would need to go on a firm's balance sheet, Bosco said.

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