The Financial Accounting Standards Board's Investor Advisory Committee could not support the proposed lease-accounting standard because it would complicate investors' analysis, writes David Trainer, a member of the committee. "The proposal would add too much complexity, forcing investors and analysts to unwind the accounting construct on the balance sheet just to do their own analysis," he writes. "Operating leases are complicated instruments, and this one size fits all treatment is not an effective way of recording them."

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