Funding the fleet

摘要

The proposed change to International Accounting Standards is not due to come into force until 2005, but plans need to be put into place today and some changes need to be implemented immediately to avoid problems building up. One of the main areas affected by the changes is in the structure of car fleet funding. Although still in proposal form, the plans dictate that from 2005 group accounts of listed companies will have to adopt the standards drawn up by the International Accounting Standards Board in relation to leased assets and how they are reported.This states that all leased assets should be shown on the balance sheet. It is the intention of the UK Accounting Standards Board to adopt the IASB approach.