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  • Get ready for new lease accounting rules

    June / July 2011
    Newsletter: Public Company Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 1123

    Abstract: As part of their continuing convergence project, in 2010 the Financial Accounting Standards Board and International Accounting Standards Board issued a joint proposal for overhauling lease accounting standards. The proposed changes are expected to have a big impact on companies engaged in significant leasing activities — particularly those with off-balance-sheet “operating” leases. This article summarizes these changes. A sidebar discusses the proposed requirement to account separately for distinct service components of a lease.

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