The Financial Accounting Standard Board (FASB) and the International Accounting Standards Board (IASB) plan to hold a number of public roundtable meetings in the fall of this year on their revised joint proposals on lease accounting standards.
FASB and IASB Sept. Meeting Focuses on Leasing Standards
NORWALK, CT - The IASB and FASB boards discussed whether to include inventory assets related to a leased asset in the standard, the application of financial asset guidance to the right to receive lease payments, the accounting for residual value guarantees by lessors, and related topics.