The interaction of the new rules regarding sale treatment under revenue recognition versus the proposed new lease accounting rules will likely mean that sale leasebacks of equipment in which there is a non-bargain purchase option will not be considered sales... read more
October 2015
Much work remains on the lease accounting project, and I do not anticipate a final standard until early 2015. The proposal, which has been through two exposure periods, was highly criticized by a variety of constituents in the latest public... read more
Nov 2014