Accounting alert — May 2013

Published on: 22 May 2013

The International Accounting Standards Board (IASB) has re-exposed its proposed approach for the recognition and measurement of leases as ED/2013/6 Leases.

This exposure draft addresses some of the concerns raised in submissions on the 2010 exposure draft, particularly around the profile of recognition in the income statement and the complex judgements the 2010 ED included around lease term and variable lease payments. Given the significance of changes to the proposals, the IASB has decided to re-expose the lease accounting proposals for comment.

This Accounting alert from Deloitte (New Zealand) analyses the proposals in the exposure draft and is available in online form on the Deloitte (NZ) website.

NZ Accounting Alert (December 2012) Image

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