IAS Plus Newsletter – Leases discussion paper

  • iaspupdate.jpg Image

19 Apr 2009

Deloitte's IFRS Global Office has published an IAS Plus Update Newsletter – Boards Issue Preliminary Views on Lease Accounting.

On 19 March 2009, the IASB and the US Financial Accounting Standards Board jointly issued a Discussion Paper (DP) outlining their preliminary views on a new accounting model for leases from the perspective of lessees. The models in both boards' current standards is often criticised because lessees do not recognise their property rights or obligations under many leases even though those rights and obligations meet the definitions of assets and liabilities. The DP discusses various issues associated with lessor accounting, but the boards had no preliminary views on them (and, consequently, they are not dealt with in this newsletter). The IASB has requested comments on the DP by 17 July 2009. The newsletter includes a table summarising the preliminary views of each board as presented in the DP. It also includes a more detailed discussion on key topics in the DP.
Click for Newsletter.
Past issues of all IAS Plus newsletters are Here.


Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.