Welcome to the website of the IFRS Foundation and the IASB

Tuesday 22 May 2012

Advanced search

Leases

IASB meeting summaries and observer notes

 

 

IASB / FASB February 2012

28 February 2012

The IASB and the FASB discussed lessee accounting and, in particular, different methods of amortising the right-of-use asset. They also discussed any consequences that a change to the lessee accounting model would have on the tentative decisions for lessor accounting.

IASB / FASB December 2011

13 December 2011

The IASB and FASB discussed cancellable leases and revenue recognition and disclosure requirements for lessors with leases of investment property not within the scope of the receivable and residual approach.

IASB / FASB November 2011

15 November 2011

The IASB discussed how a first-time adopter of IFRSs would apply the proposed leases standard in its first IFRS financial statements; consequential amendments to the business combinations guidance in IFRSs and US GAAP; transition issues related to business combinations; consequential amendments to the borrowing costs guidance in IFRSs and US GAAP; and transition requirements for secured borrowings.

IASB / FASB 1 November 2011

01 November 2011

The FASB and the IASB discussed the disclosure requirements for lessors that account for leases under the receivable and residual approach, transition requirements for sale and leaseback transactions and other transition considerations for the proposed leases guidance.

IASB/FASB October 2011

19 October 2011

The IASB and FASB discussed lessor accounting, the subsequent measurement of a lessor's residual asset when the lease contract includes variable lease payments that are not recognised as a part of the lease receivable at lease commencement, transfers of lease receivables, presentation requirements for lessors in the statement of comprehensive income, and transition

IASB / FASB September 2011

19 September 2011

The IASB and the FASB discussed a scope issue, the application of financial asset guidance to the right to receive lease payments, other subsequent measurement issues for lessors, and the accounting for residual value guarantees by lessors.

IASB / FASB July 2011

20 July 2011

The IASB and the FASB discussed re-exposure of the proposed standard, lessor accounting, the accounting for lease payments that depend on an index or a rate, the accounting for embedded derivatives in lease contracts, lessee presentation and disclosure, presentation: lessee statement of financial position and lessee statement of cash flows.

IASB / FASB June 2011

13 June 2011

The IASB and the FASB discussed Shariah-compliant lease contracts, lessor accounting, subleases and short-term leases.

IASB / FASB 1 June 2011

01 June 2011

The IASB and the FASB continued their discussion on leases and discussed subsequent measurement issues relating to lessees, including foreign exchange differences, impairment, revaluation and residual value guarantees.

IASB / FASB May 2011

17 May 2011

The IASB and the FASB continued their discussion on leases and discussed the following topics: lessee accounting, lessor accounting, contract modifications or changes in circumstances after the date of inception of the lease, reassessment of options in a lease and reassessment of the discount rate in a lease.