Beyond the GAAP no.67 - May 2013
Beyond the GAAP no.67 - May 2013
The objective of improving the way in which leases are reported has not changed, but the solutions now proposed to achieve this end are significantly different from those put forward in the first exposure draft. This can partly be explained by the reintroduction of lease categories, justifying the coexistence of a dual approach to the accounting models. It remains to be seen if these new proposals will satisfy the critics!