Details

Service: Audit
Type: Business and industry issue
Date: 31/08/2011

Financial Reporting Update July - August 2011

Lease accounting: proposals to be re-exposed.

The IASB and FASB have announced that they will issue a formal re-exposure of the leasing proposals. The key changes to the original proposals include the application of a single ‘receivable and residual’ model by lessors and the exclusion of investment property measured at fair value from the scope of the proposed leasing standard.

Read the Financial Reporting Update July/August 2011

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