United States

Defining Issues: FASB and IASB Issue Revised Exposure Drafts on Lease Accounting

May 16, 2013 at 06:06 AM
From the Financial Reporting Network and the IFRS Institute


 

This edition of Defining Issues reports that the FASB and IASB (the boards) recently issued revised joint exposure drafts (EDs) on proposed changes to the accounting for leases that, if finalized as proposed, would significantly change how lessees and lessors account for and report leasing arrangements in their financial statements. Comments on the EDs are due by Sept. 13, 2013. The boards plan to hold public roundtable meetings after the comment period and hope to issue a final standard in 2014.

Read Defining Issues: FASB and IASB Issue Revised Exposure Drafts on Lease Accounting

Read KPMG ISG's In the Headlines 13-08