Sale and leaseback transactions and lessor disclosures

Saturday, July 26th, 2014

The IASB board addresses sale and leaseback transaction at their July 2014 meeting with FASB. The two boards continued re-deliberating ways to clarify and simplify their 2013 joint proposal on leases, reaching converged decisions on most lessor disclosures and some aspects of the accounting for sale and leaseback transactions.