Despite dissent, FASB to issue dual-recognition lease proposal

04/11/2013 | JournalofAccountancy.com

By a narrow margin, the Financial Accounting Standards Board decided Wednesday to issue a re-proposal in its project on financial reporting for leases. The proposal, which is scheduled to be released in May, will be converged with that of the International Accounting Standards Board and would require a dual expense-recognition approach that has created some concerns about complexity.

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