How to prepare for new lease accounting rule

Kashflow logo
Nick Huber
Freelance journalist
Share this content

A draft new accounting rule for leases has proved an unlikely source of controversy, reports Nick Huber.

The draft rule is expected to put billions of pounds of leased assets on company balance sheets, especially for companies with a lot of property such as retailers. 

Critics of lease accounting, which is being developed by the International Accounting Standards Board and its US counterpart the Financial Accounting Standards Board (FASB), say it is complicated and will be expensive to comply with.

Progress on the new rule has been slow...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.