Monday March 23, 2015
A study suggests IFRS lease rules may produce more favorable results than US GAAP lease rules.
This is a major re do requiring leases for more than on year to be on the balance sheet.
Professor Elam
Accounting & Investing Info for San Antonio A & M
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Posted in Financial Acct
2 responses to “IFRS Lease Rules May Improve Results”
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After obtaining information from PWC on this topic for my group’s research topic, I would also like to add some information that the article didn’t mention. PwC suggest the two model models approach by the FASB, still leads a lot of room for interpretation. They recommend an alternative approach – based on indicators of effective ownership – to determine income statement recognition.
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Angela
these comments should go in the end of the paper under the heading
further research is needed
seriously no joke
Dennis ElamLikeLike
Professor Elam 
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