Equipment-leasing association unhappy with new lease-accounting rules

06/2/2013 | AccountingWEB

The comment period is open until Sept. 13 for individuals and organizations to offer feedback on changes proposed to lease-accounting guidelines by accounting standards setters, and the Washington, D.C.–based Equipment Leasing & Finance Association has its pen at the ready. The trade association says it supports the efforts of the Financial Accounting Standards Board and the International Accounting Standards Board to establish a converged standard applying to lease transactions, but deemed the proposed model overly complex without improving on existing standards.

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