Lease Accounting Rules Raise Ire Down to the Wire
Ahead of a key deadline for comments on a new lease-accounting proposal, more discord over the rules surfaces. Equipment lease- financing firms wonder if global convergence can be achieved.
Lease-Accounting Rules: Tinker, Don’t Trash
The changes proposed by FASB and IASB address a limited set of weaknesses in the existing rules that merely need some tightening, not a complete overhaul.
Standards-Setters Near Leasing Finish Line
FASB and IASB are moving closer towards a converged final standard on how to account for leases. But several sticking points remain.
Clarity on Revenue Recognition Coming
The final revenue recognition standard from FASB and the IASB might make reporting on sales a tad less complex, but some implementation challenges remain.
FASB Chooses Insider as New Chairman
Russell Golden, board member and former chair of the emerging issues task force, will replace Leslie Seidman as chair of the accounting standards setter.
Fair-Value Rule Seeks Clearer M&A Deals
Measuring fair value is more challenging than ever these days. But new IFRS reporting standards could help bring more transparency to the process, the rule-makers hope.
Wait Continues for Lease Accounting Clarity
CFOs have to wait longer for an agreement on lease-accounting standards. But they may not mind the wait, considering that more record-keeping may be on tap.
A Question of Definitions
The IASB concedes that it needs to clarify its definitions of assets and liabilities for debt instruments, but other ambiguities remain.
Verbal Clarity Could Ease IFRS Reporting
CFOs who report under IFRS could start breathing a little easier if the IASB follows through on creating better definitions.