IASB and FASB webcast on Leases
Jul 20, 2012
The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) held a live webcast on 19 July 2012 to provide an update on proposals relating to the joint Leases project. This webcast is now available on the IASB's website.
During the webcast, the Boards' discussed the following:
- why there is a need for a leases project
- updates on proposed leases models
- Right-of-use model
- Lessee accounting model
- Lessor accounting model
- classification of leases, and
- the current state of the leases project.
Click here to view the IASB-FASB webcast.