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Lease Accounting Project

The FASB and IASB issued the second Exposure Draft ("ED") of the proposed new leasing rules on May 16, 2013 with a deadline for comments of Sept. 13, 2013. The ED is an improvement over the 2010 ED in that it is closer to current GAAP in areas such as the definition of the lease term and lease payments.

2 minute read July 01, 2013 at 04:05 PM
By
Bill Bosco
Lease Accounting Project

The FASB and IASB issued the second Exposure Draft (“ED”) of the proposed new leasing rules on May 16, 2013 with a deadline for comments of Sept. 13, 2013.

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