The FASB and IASB Boards met on June 13, 2012 in London and made key decisions on lessee and lessor accounting in their Lease Project. Although they finally decided all
Key Lessee and Lessor Decisions Made in the Lease Project
Although FASB and IASB Boards finally decided all leases are not alike, they made a split decision as to how to classify them based on type of asset leased.
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