How to solve the lease accounting problem

Many lessors have become totally befuddled with the deliberations of the International Accounting Standards Board and the US Financial Accounting Standards Board in their seemingly endless quest to determine how leasing is to accounted in future.

Despite issuing two Exposure Drafts the Boards remain deadlocked on several key issues and finalization seems rather further off now than ever before.

In an attempt to free the log jam, and at the same time to get in the mindset of the accountancy profession, LeaseAccelerator has produced a whimsical look at The Secret Lives of Accountants.

Asset Finance International suggests that our readers “lighten the load” and play the clip below

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