Canada - English

Leases 

Proposed lease accounting changes could affect almost all reporting entities.
The IASB and FASB plan to introduce a new accounting model for lessees and lessors. The proposals are a response to long-standing criticism that current lease accounting is too permissive of off-balance sheet accounting by lessees and too rules-driven.

IFRS insights on leases

New on the Horizon: Leases for Banks New on the Horizon: Leases for Banks
This publication looks at the potential impact of the revised proposals on banks and highlights the issues relevant to banks.
Leases: Final Approach or Go-around? Leases: Final Approach or Go-around?
This publication assesses the potential impacts of the joint IASB-FASB Exposure Draft on lease accounting on both airlines and aviation financiers.
New on the Horizon: Leases New on the Horizon: Leases
In a major shake-up of lease accounting, the IASB and FASB have published revised proposals to bring most leases on-balance sheet for lessees.

Other resources

FASB/IASB Revised Lease Accounting ED: Lessor Accounting FASB/IASB Revised Lease Accounting ED: Lessor Accounting
This webcast provides participants a more in-depth understanding of the proposals in the recently released revised FASB and IASB exposure drafts on accounting for leases.
FASB and IASB Issue Revised ED on Lease Accounting FASB and IASB Issue Revised ED on Lease Accounting
This webcast highlights the changes to the accounting for leases that affects how lessees and lessors report leasing arrangements in their financial statements.

Please contact your KPMG Accounting Advisory Services adviser for more information.

Luzita N. Kennedy

Luzita N. Kennedy

Partner, Accounting Advisory Services

416-777-3782

Accounting Advisory Services

We can help with complex financial reporting regulations, optimize relevant reporting processes and incorporate new requirements.

Issues & Insights

  • Subscribe to related feeds

  • Share this

     

    Follow us