IFRS newsletter - English - September-October 2010

If the Board’s proposals are finalised, all leases will have to be recognised in the lessee’s statement of financial position, regardless of whether it is an operating or a finance lease. The accounting treatment of leases is also drastically changed for lessors.

Beyond the GAAP brings you a two-part update on the main measures which should replace IAS 17 by the end of 2011.