Heads Up: Boards Issue Exposure Drafts on Leases
Volume 20, Issue 15
This Heads Up discusses the revised exposure draft (ED), Leases, issued by the FASB and IASB. The ED proposes a new accounting model under which off-balance-sheet financing arrangements would be eliminated for lessees. If finalized, the proposed ASU would converge most significant aspects of the FASB’s and IASB’s accounting for lease contracts.
For a brief audiovisual presentation about the proposed model, don’t miss the latest Deloitte Dash.
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