This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

IFRS Project Insights — Leases

Published on: Feb 25, 2013

IFRS Project Insights provide a quick overview of the key projects of the IASB, with a summary of the current status, key decisions and proposals, key considerations for entities and the next steps expected in the project.

During their February 2013 joint Board meeting, the IASB and the FASB (collectively, ‘the Boards’) discussed the transition requirements for existing finance (IFRSs only), capital, sales-type, direct financing and leveraged (US GAAP only) leases. The IASB also held an IASB only meeting to discuss how to account for right-of-use assets that meet the definition of investment property in accordance with IAS 40 Investment Property as a consequence of the proposed changes to lease accounting.

Last updated: 25 February 2013.


Related Topics