.... The almost arbitrary treatment of leases has never been satisfactory but dealing with the shortcomings has proven awkward to the International Accounting Standards Board (IASB). Findings The value of reflecting leases on the balance sheet can be determined by close analysis of the work of Lasfer...

...Rachel Knubley Purpose The International Accounting Standards Board (IASB) is proposing a fundamental change to the way lease contracts are accounted for by both lessees and lessors. This article aims to summarise the proposed change. Design/methodology/approach This article explains why...

...Neil Crosby In 1996, an International Accounting Standards Committee (IASC) working party suggested that current methods of accounting for leases should be changed and in 1999 this work culminated in a position paper from the UK Accounting Standards Board (ASB) which made a number of suggestions...