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Wednesday 23 July 2014

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The objective of the project is to develop a standard that establishes the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing and uncertainty of cash flows arising from a lease. To meet that objective, an entity shall recognise assets and liabilities arising from a lease.

Project stages


Board deliberations

Issued documents

Stage 1: completed July 2006
Stage 2: completed March 2009