Kelvin Smith, Vice President, Financial Computer Systems, Inc., and Chief developer of EZ13 Lease Accounting software has posted a very useful post on his Lease Accounting Blog about the release of the Exposure Draft by the FASB and IASB this week.
The FASB and IASB have released the Exposure Draft of the proposed new lease accounting standard (FASB topic 840 in the new Accounting Standards Codification).
- FASB Exposure Draft
- IASB Exposure Draft
- IASB Basis for Conclusions
- IASB Snapshot Summary
- IASB Press Release
As with the Preliminary Views document last year, the comment letters sent to both boards will be combined for the boards’ review (and it is not necessary to send a comment letter both places).