Update on the Leases Project
When I first arrived at the FASB, my expectation was that the Leases project was winding down and we might have a final standard before I left. This was also what the FASB website indicated. How...
View ArticleIntroducing “Approach Y”: A Better Lease-Accounting Model for Lessees (Part 1)
To date, the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and the Boards’ constituents have not reached a consensus on how lessees should account...
View ArticleIntroducing “Approach Y”: A Better Lease-Accounting Model for Lessees (Part 2)
(Previous Posts: Part 1) Here is the second in a series of working papers that I am preparing to explain “Approach Y”—a lease-accounting model for entities that are lessees. The new working paper,...
View ArticleIntroducing “Approach Y”: A Better Lease-Accounting Model for Lessees (Part 3)
(Previous Posts: Part 1, Part 2) Here is the third in a series of working papers that I am preparing to explain “Approach Y”—a lease-accounting model for entities that are lessees. The new working...
View ArticleThe IASB and FASB Decide on Lease Accounting
The IASB and FASB are meeting in London this week where leases is on the agenda. At the meeting, the Boards proposed a standards update that will require all leases with a term in excess of one year...
View ArticleIntroducing “Approach Y”: A Better Lease-Accounting Model for Lessees (Part 4)
(Previous Posts: Part 1, Part 2, Part 3) Here is the fourth in a series of working papers that I am preparing to explain “Approach Y”—a lease-accounting model for entities that are lessees. The new...
View ArticleIntroducing “Approach Y”: A Better Lease-Accounting Model for Lessees (Part 5)
(Previous Posts: Part 1, Part 2, Part 3, Part 4) Here is the fifth in a series of working papers that I am preparing to explain “Approach Y”—a lease-accounting model for entities that are lessees. The...
View ArticleFASRI Roundtable: FASB Projects on Leases
On July 24, FASRI will host a Roundtable on the latest developments for the FASB/IASB joint project on leases. Leasing is a significant source of financing in the economy, but the current...
View ArticleIntroducing “Approach Y”: A Better Lease-Accounting Model for Lessees (Part 6)
(Previous Posts: Part 1, Part 2, Part 3, Part 4, Part 5) Here is the sixth in a series of working papers that I am preparing to explain “Approach Y”—a lease-accounting model for entities that are...
View ArticleConsensus for Leases is Difficult to Find
I’m going into my last week as a FASB Research Fellow. The past year has been very educational for me as I’ve observed up close the process that the Board goes through in promulgating standards. I’ve...
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