Why you should follow this course
Accounting for leases, in particular those of an operating nature, has been the subject of endless
controversial discussions for years in view of their 'off-balance sheet' nature. The IASB and the US
FASB jointly published an exposure draft for public comment on the subject matter in August 2010.
The Boards have received a considerable amount of feedback on the original proposals and have been
re-deliberating a number of considerations ever since. Once final, the proposed model would bring
significant changes in particular for lessees who, going forward, would have to recognise assets and liabilities relating to every
lease they are party to.
This module will analyse the current thinking and the direction that the Board seems
to be taking on leases and will discuss the impact that the new proposals are expected to have on lessees' and lessors' balance sheets.
By completing this module, participants will be able to: