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.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FASB and IASB Reach Tentative Decisions on Certain Aspects of the Joint Lease Project

Published on: 18 Dec 2009

On December 16, 2009, the FASB and IASB met to continue deliberations on the joint lease project. The boards reached tentative decisions on the following areas:

  • Contingent rentals and residual value guarantees (both lessee and lessor accounting)
  • Scope – intangibles and other possible exclusions
  • Scope – non-core and short-term leases

The tentative decisions are summarized on the December 16, 2009, FASB/IASB Joint Meeting Action Alert on the FASB’s website.  For more information, see the joint IASB-FASB project summary on the FASB’s website.

Accounting Journal Entries Image

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.