Consumer confidence falls out of retailers' top concerns, while worries over strategy escalate.
Sarah Johnson, CFO.com | US
May 31, 2011
The FASB/IASB just did a flip flop on accounting for the cost of leases. They were going to go with P&L being the straight line average of rents over the term but now want to revert to what was proposed - a front ended cost pattern. Retailers must be prepared for large hits to equity and current earnings and marked increase in the cost to comply. It is not too late to comment to the standard setters.
Posted by Bill Bosco | June 01, 2011 09:50 am© CFO Publishing Corporation 2009. All rights reserved.