Friday, April 13, 2012

No lease accounting discussion this month

At the February meeting, the FASB & IASB directed the staffs to conduct outreach on the alternative expense recognition possibilities considered. The plan at the time was for results of the outreach to be discussed at the boards' combined meeting in April. The agenda for April has now been released, and leases are not on the list. So yet another month of delay for finalizing the revised exposure draft...

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