New FASB/IASB Lease Accounting Rules to Be Issued Soon

The IASB and the FASB have completed decision-making meetings and the respective staffs are drafting the final rules, which will be signed and issued this month. The IASB and FASB will issue separate rules as they have chosen two different models for lessee accounting. They both have adopted the same lessor model with a few minor differences.

16 minute read December 31, 2015 at 11:00 PM
By
Bill Bosco
New FASB/IASB Lease Accounting Rules to Be Issued Soon

The International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) have completed decision-making meetings and the respective staffs are drafting the final rules, which will be signed and issued this month.

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