NORWALK, CT - The IASB and FASB boards discussed whether to include inventory assets related to a leased asset in the standard, the application of financial asset guidance to the right to receive lease payments, the accounting for residual value guarantees by lessors, and related topics.
IASB and FASB to Release New Leasing Standards Proposals
NORWALK, CT - The IASB and FASB said that re-exposing the draft will give those interested the opportunity to comment on revisions that the boards have made since releasing a draft on leasing standards in August of 2010.