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IASB meeting summaries and observer notes

 IASB January 2014


The FASB and the IASB began their redeliberations of the proposals included in the May 2013 Exposure Draft ED/2013/6 Leases.

The objective of the meeting was to have an in-depth discussion of the following topics:

        a.     lessor accounting model;
        b.     accounting for “Type A” leases by lessors;
        c.     lessee accounting model; and
        d.     lessee small-ticket leases.

Next steps

The IASB and the FASB were not asked to make any decisions. They directed the staff to perform further analysis on those topics for discussion at a future meeting.


Date: 1/21/2014