Details

  • Industry: Consumer Markets, Retail
  • Type: Business and industry issues
  • Date: 2/4/2011

New on the Horizon : Leases for Retailers 

The recent Exposure Draft (ED), ED/2010/9 Leases, jointly released by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), proposes a new approach to lease accounting for lessees and lessors. The proposals are in response to long-standing criticism that current lease accounting is too permissive of off-balance sheet accounting by lessees.
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New on the Horizon – Leases for Retailers is an essential read for retailers who are interested in understanding how the recent Exposure Draft, ED/2010/9 Leases, could impact their business.

 

Retailers who operate a large number of leased stores would be particularly affected by the new standard, since most of these leases are currently accounted for as operating leases and kept off the balance sheet.

 

In addition to providing retailers with a better understanding of how they would be impacted by the new standard, the aim of this publication is to also help companies make the most of the challenges and opportunities that the ED presents.