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Lease Accounting Project Update

By Bill Bosco
August 31, 2011

Lessor Accounting has been finalized.

  • The FASB/IASB Boards have adopted a single method for lessor accounting called the Receivable & Residual (“R&R”) method, a direct-finance-like model including limited sales-type profits (residual portion deferred) for all but short-term leases and investment properties.
  • Leveraged leases have been killed.
  • Lessee disclosures and presentation have been defined.
  • Variable payments based on rate or index are booked at spot rate, but are adjusted when changes in index or rate occur.

Executive Summary of Total Project

Time Line

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