1887

n Professional Accountant - Change in accounting for leases : accounting

Volume 2011 Number 1
  • ISSN : 1680-7537

Abstract

While most of us have grown comfortable with the current standard on leases, IAS 17 - Leases, as issued by the International Accounting Standards Board (IASB), we will have our worlds rocked by the fact that the way we traditionally account for leases will totally change. The Exposure Draft (ED) 288 was issued by the IASB and proposes such changes to the accounting for leases that will see lessees capitalising assets relating to leases previously classified as operating leases. In fact, the distinctions operating and finance leases will be a thing of the past.

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/content/account/06/1/EJC16654
2011-06-01
2019-11-18

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