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28 Sep 2019
âOn November 11, 2015, the FASB voted to proceed with finalizinga new lease accounting standard. Public entities are required toadopt the new leases standard for reporting periods beginning afterDecember 15, 2018.âhttps://www.aicpa.org/InterestAreas/FRC/AccountingFinancialReporting/leases/Pages/Leases.aspx
The International Accounting Standards Board (IASB) issued IFRS16, Leases.
Do you think managers were being less than ethical in reportingcapital leases?
What is the potential impact on financial reporting?
Why do you think the two regulatory bodies changed the leasereporting requirements?
What are the similarities and differences between the twostandards
âOn November 11, 2015, the FASB voted to proceed with finalizinga new lease accounting standard. Public entities are required toadopt the new leases standard for reporting periods beginning afterDecember 15, 2018.âhttps://www.aicpa.org/InterestAreas/FRC/AccountingFinancialReporting/leases/Pages/Leases.aspx
The International Accounting Standards Board (IASB) issued IFRS16, Leases.
Do you think managers were being less than ethical in reportingcapital leases?
What is the potential impact on financial reporting?
Why do you think the two regulatory bodies changed the leasereporting requirements?
What are the similarities and differences between the twostandards
Patrina SchowalterLv2
28 Sep 2019