5/20/2013

One reason many chief financial officers dislike the latest proposal for a lease-accounting standard is that it would eliminate a tool -- leasing contracts -- often used to increase a company's credit profile. Some executives and organizations fear the proposal could hinder European economic recovery. "We question whether [the rules] represent a sufficient improvement over current lease-accounting standards to satisfy financial-statement users or justify the considerable cost and complexity of implementation," said Brian O'Donovan of KPMG.

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