Additional complexities for accountants who deal with a large number of operating leases will arise from the IASB’s proposals says the Global Forum for Corporate Reporting
Proposals to change the way in which leased assets are accounted for, put forward by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), will make accounting more complex but with no real benefit, the Global Forum for Corporate Reporting at ACCA (the Association of Chartered Certified Accountants) has claimed.
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