How does lease accounting under the IASB differ from lease accounting under FAS?
What will be an ideal response?
ANSWER:
FASB has a rules based orientation with “bright lines” carefully laid out (the 75% rule). In IAS 17, a capital lease results when the lease is for “the ma-jor part” of an asset’s economic life or the present value of the minimum lease payments are “substan-tially all” of the leased asset’s economic value. Hence, IAS 13 requires more judgment than SFAS No. 13.
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Exporting is considered as essentially a developmental process. What are the stages in which this process can be divided?
What will be an ideal response?
Beginning inventory plus net purchases equals merchandise available for sale.
Answer the following statement true (T) or false (F)
Managers at Swim-Tex have informed members of the purchasing department to change straight rebuy situations to modified rebuys. What does this most likely mean for members of the Swim-Tex purchasing department?
A) renegotiating prices with vendors B) simplifying the buying process C) building strategic alliances D) forming a new value chain E) focusing on a decision in the process that is not an issue for the customer
Which of the following is not a step in conducting a force field analysis?
a. Identifying the strengths of forces acting in the situation b. Understand the forces and how they might increase leverage for change c. Examine the financial impact of the change in the short and long term d. Identify ways to increase support and reduce resistance