• Service: Audit, IFRS
  • Type: Business and industry issue
  • Date: 1/29/2014

Model alternatives for lease accounting 

Fundamental aspects of the IASB and FASB lease accounting proposals were up for discussion in the Boards’ January meeting, covering both lessee and lessor accounting, and potential simplifications for small-ticket leases.
No decisions were made, but the range of alternatives on the table was striking, reflecting diverse constituent feedback on the Boards’ 2013 proposals. The Boards will return to these fundamental issues in March, with a view to deciding the way forward on this controversial project.

IFRS Newsletter: Leases - issue 13, January 2014

Feature image
This edition of IFRS Newsletter: Leases provides an overview of the IASB and FASB discussions of the leases project in January 2014.

© 2014 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 8 Salisbury Square, London, EC4Y 8BB


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