AICPA issues FAQ on leases proposals
13 Sep 2010
The American Institute of Certified Public Accountants issued a frequently asked questions (FAQ) document on the recent FASB and IASB joint proposals on leases.
This FAQ discusses the background of the project, its applicability to different industries, the proposed leases model and other issues.
Click for:
- IASB ED/2010/9 Leases (link to IASB website)
- Proposed Accounting Standards Update - Leases (Topic 840) (link to FASB website)
- Our Leases project summary