LEASE CHANGES UNDER FIRE

摘要

There are growing concerns that proposals announced by the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) to bring most leases onto the balance sheet will prove costly and complex to implement. The proposals are contained in a revised exposure draft issued by the two boards which also introduces a new lease classification test resulting in a 'dual model' for both lessees and lessors. This would preserve straight-line expense recognition for most leases of property, similar to operating leases today. However, there would be interest and amortisation expense recognition for most other leases, similar to finance leases.