IASB and FASB Joint-project on Lease Financing
In July 2006,the Financial Accounting Standards Board FASB and the International Accounting Standards Board IASB announced the commencement of a joint project to comprehensively reconsider lease accounting.The effort is to eliminate operating lease accounting by proposing the accounting treatment to recognize an asset and obligation for all lessee leases.The project is about to be finalized in near future by the acceptance of the new standard on the leases.The former plan was to have a new standard by the end of the last quarter of 2012,but it will be deferred.The paper will focus on the latest developments in the lease joint project,it will offer an insight into the nature of transactions that give rise to lease obligations and analyzing various forms of lease,comparing their advantages and disadvantages and their impact on the earnings management.The recent financial crisis influenced also the area of lease financing,also in the fact that it is necessary to be alert also to the asset lease fraud which also may be utilized for obtaining finances under the existing financial hardship.Improved information and greater transparency serve as the means of higher quality decision-making process,and as well as they assist to reveal fraudulent activity within the company,thereby improving the performance of the companies.
Lease categories and criteria lease reporting off-balance sheet financing lease asset fraud
Darina Saxunova
Comenius University,Slovakia
国际会议
杭州
英文
180-189
2012-10-13（万方平台首次上网日期，不代表论文的发表时间）