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Leases – Education session

Date recorded:

As part of its continuing deliberations surrounding the exposure draft Leases (Leases ED), the IASB held an education session to discuss several topics including:

  • the accounting for cancellable leases
  • lessor accounting for rental income arising from investment property that is outside the scope of the lessor receivable and residual approach
  • disclosure requirements for lessors that have leases of investment property that are excluded from the scope of the receivable and residual approach.

No decisions were taken during this education session, as the session served to allow IASB members the opportunity to ask questions or provide feedback to the staff in advance of discussing the topics again during the joint IASB and FASB meeting on Wednesday, 14 December 2011.

Note: As no unique concerns or questions were expressed as part of the education session independent of those expressed during the joint IASB and FASB meeting on Wednesday, 14 December, please consider the Wednesday, 14 December meeting notes for a comprehensive summary of feedback received on the above discussion topics.

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