Lessee Warning

By Richard Greiner and David Chopping, Moore Stephens

Summary
The IASB has issued its preliminary views on accounting for leases, the first stage in a process intended to alter IAS 17.
As a discussion paper, this is a long way from a revised standard, but is nonetheless a good indicator of future developments.

Introduction
The discussion paper deals with leases only from the perspective of the lessee, and there is a deliberate decision to defer full consideration of lessor accounting, although one section of the discussion paper does deal with some of the issues that would need to

This is only an excerpt of Lessee Warning

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.