16 May 2013
To the Point - Boards issue new proposal to put most leases on the balance sheet
The FASB and the IASB today issued an exposure draft that proposes requiring lessees to recognize assets and liabilities arising from their involvement in most leases. All entities would classify leases to determine how to recognize lease-related revenue and expense. Classification would also affect what lessors record on the balance sheet. Our To the Point publication tells you what you need to know about the proposal.
20 December 2012
Practical matters for the c-suite - Boards re-examine lessor accounting
While most of the attention of the joint project on leases has been aimed at lessees, the project would also propose new accounting for lessors. The Boards' original ED proposed two accounting approaches for lessors. Many respondents to the original EDs questioned why two approaches were needed. This edition of Practical matters for the c-suite complements our September 2012 Technical Line publication on the Boards' revised proposal. It is produced by our Financial Accounting Advisory Services (FAAS) group and is intended to help companies assess the potential effects of accounting proposals on their organizations.
20 December 2012
Practical matters for the c-suite - New accounting guidance for lessees: are we there yet?
The FASB and IASB have been working on their joint lease project for over six years. While the Boards have taken numerous twists and turns on the road to completing the project, they are committed to putting leases on the balance sheet. This edition of Practical matters for the c-suite complements our September 2012 Technical Line publication on the Boards' revised proposal. It is produced by our Financial Accounting Advisory Services (FAAS) group and is intended to help companies assess the potential effects of accounting proposals on their organizations.
6 September 2012
Technical Line - Leases project on the brink of re-exposure
The FASB and the IASB have made significant changes to their 2010 exposure draft and expect to issue a revised proposal in the fourth quarter. Our Technical Line publication summarizes the Boards’ tentative decisions to revise their leases proposal and highlights some key differences between the revised proposal and current accounting.
14 June 2012
To the Point - Circling back to straight-line leases but with a twist
The FASB and the IASB decided that lessees and lessors would classify leases based primarily on the nature of the asset being leased. For lessees, some leases would have an accelerated lease expense recognition pattern and others would have a straight-line lease expense recognition pattern. Lessees would recognize all leases (other than short-term leases) on the balance sheet. Our To the Point publication describes the Boards’ latest decisions.
1 March 2012
To the Point - Boards weighing effects of putting leases on the balance sheet
The FASB and the IASB remain committed to putting leases on the balance sheet, but continue to struggle with how to recognize related lease revenue and expense. This is likely to delay a new exposure draft. Our To the Point publication summarizes what you need to know about the status of the leases project.
20 October 2011
To the Point - Operating lease accounting survives for some real estate lessors
The Boards made some significant modifications to the proposed accounting for lessors agreed to in July 2011. Our To the Point explains what you need to know about the revised approach and the Boards’ decision to allow certain lessors of real estate investment properties to continue to use operating lease accounting.
1 October 2011
Financial Reporting Developments - Lease accounting
We have updated our Financial Reporting Developments publication on lease accounting to provide additional interpretive guidance.
21 July 2011
To the Point - Boards to re-expose leases - a new approach for lessors selected
The Boards decided to re expose their joint leases proposal for a second time because they have made significant changes to the model they proposed last year. One of the changes decided this week was that lessors should apply a receivable and residual approach to all leases, with a few exceptions. Our To the Point publication summarizes these latest developments.
12 July 2011
Technical Line - Lessee model comes together as leases project progresses
The FASB has made significant progress in its redeliberations on the classification and measurement of financial instruments. Our Technical Line provides an overview of the decisions made to date, along with a comparison of these decisions to the earlier proposal.
19 May 2011
To the Point - A U-turn on straight-line lease expense
The Boards have decided to go back to their exposure draft approach of requiring lessees to recognize interest expense using the interest method and separately amortize the right-of-use asset (generally on a straight-line basis). This approach accelerates lease expense for today’s operating leases. Our To the Point describes the new developments.
14 April 2011
To the Point - Straightening out lease expense and other issues
The FASB and the IASB have continued to refine their proposed accounting for leases. Our To the Point summarizes what you need to know about these developments as of the end of April 2011.
31 March 2011
To the Point - A clearer picture of leases on the balance sheet
Our To the Point discusses significant changes to the joint leasing proposal as a result of FASB and IASB redeliberations.
17 February 2011
To the Point - Lease term simplified - other lease accounting changes on the horizon
Our To the Point summarizes certain changes proposed by the FASB and IASB during the redeliberation of the joint leases proposal.
1 December 2010
Comment Letter - Joint FASB/IASB proposal on leases
Our comment letter supports the Boards’ efforts to improve lease accounting. However, there are key conceptual and application issues related to the proposals in the exposure draft that must be addressed in order for these proposals to be operational.
1 September 2010
Financial Reporting Developments - Proposed accounting for leases
Our FRD outlines the principles in the FASB and IASB joint proposal on leasing and highlights some of the more significant implications of the proposed changes.
20 August 2010
Practical matters for the c-suite - What do the proposed lease accounting changes mean for you?
Our Practical Matters highlights the effects the leases proposal would have on areas such as financial metrics, systems, tax and stakeholder communications.
18 August 2010
Hot Topic - Proposed accounting changes for leases
Our Hot Topic summarizes the substantial changes to the accounting for leases proposed in the FASB and IASB joint leases project.
18 August 2010
Technical Line - Proposed leases guidance exposed
Substantial changes to the accounting for leases were proposed in the ED issued by the FASB and IASB on their joint leases project. This document summarizes the joint proposal.
18 June 2010
Technical Line - The joint leases project: change is coming
Our Technical Line provides an overview of the tentative decisions the Boards have reached to date on their leasing project and highlights some of the most significant changes expected to be proposed.
20 November 2009
Technical Line - Revised software revenue recognition guidance
Our Technical Line reflects the issuance of ASU 2009-14, Software (Topic 985), Certain Arrangements That Include Software Elements, a Consensus of the FASB Emerging Issues Task Force.
19 July 2009
Comment Letter - Preliminary views on leases
Our comment letter provides our views on the joint IASB/FASB Discussion Paper, Leases: Preliminary Views.
20 March 2009
Hot Topic - FASB/IASB issues discussion paper on leasing
Our Hot Topic discusses the FASB and IASB discussion paper on a proposed new accounting model that would eliminate operating leases for lessees and instead require all leases to be recorded as capital leases