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FASB and IASB Continue Discussions on Lease Accounting

Jun 20, 2014
From the Financial Reporting View and the IFRS Institute

This edition of Defining Issues reports that during the second quarter of 2014, the FASB and IASB (the Boards) continued redeliberations on the proposals in their 2013 exposure drafts on lease accounting. While they agreed on many aspects of lease accounting, the Boards disagreed about when lessees would reassess variable lease payments and how a sublessor would determine the classification of a sublease.

Read FASB and IASB Continue Discussions on Lease Accounting