This webcast analyzes the comment letter responses to the FASB and IASB's revised exposure draft on the new leasing proposal, and provides insights to help you think through the nuances that might lead to unexpected financial results.
Leases allow companies to use property and equipment with payments made over time rather than a large initial cash outlay. However whether the future payment obligations are debt has been a source of debate. More than three years have passed since the IASB and FASB (the "Boards") issued their initial proposal.
After extensive outreach and re-deliberation, the Boards issued a new proposal in May 2013 for comments. This proposal requires almost all leases to be on the balance sheet and creates two methods for income statement recognition. Comments were due by Friday September 13, 2013.
This webcast discusses and analyzes the comments received and provides insights to help you think through the nuances that might lead to unexpected financial results.
Participation in the live webcast will qualify for 1 Accounting CPE credit.
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