Preliminary views from February 2010 Board meeting

February 2010

In February 2010, the Board reached preliminary views on:

• How to account for changes in contingent rentals
• How to determine when contracts are purchases or sales of the underlying asset in the context of a lease contract
• Transitional provisions for the proposed new leases requirements for lessees
• The definition of the interest rate implicit in the lease
• The definition of initial direct costs.

Click here for more details.