01-Nov-2010
ED 202R Leases, issued in August 2010, eliminates the current distinction between operating and finance leases for accounting purposes. The ED proposes a single model that would be applied to most leases, which would effectively end off-balance sheet reporting for leases. For leases of twelve months or less, lessees and lessors would be able to apply simplified requirements.
This Accounting Update focuses on the main proposals of ED 202R on lessees. ED 202R addresses the accounting treatment of leases in the accounting records of both lessees and lessors.
Click here to download the update in PDF format.
