FAR – Is operating lease still being tested?

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    Topic
  • #177411
    Lost1
    Participant

    I am using 2011 Yaeger review and they mention that lease treatment will change soon.. It is now 2013 and i’m wondering if things have changed since 2011. I searched for this topic but was not able to find a clear answer on this.. if you can please shed some light, i would really appreciate.

    thanks,

    "If you can do it, I can do it better."

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  • #411873
    Lost1
    Participant

    I see questions on WTB about operating lease.. so i guess it is still part of it.. sorry for the dumb questions I need some coffee and maybe some El Pollo Loco..

    "If you can do it, I can do it better."

    #411874
    J
    Member

    There was a proposal by FASB a couple of years back to fundamentally change the accounting treatment for leases; I forget the particulars but I believe that the end result would have been that basically all leases would have been treated as capital rather than operating. This had quite a bit of traction for awhile but I guess it never went anywhere or has yet to be acted upon…

    Anyway, operating leases are your friend… just look at it as glorified terminology for rent!

    #411875
    OJFWEroiu
    Member

    Doesn't Yaeger have updates posted online? I'm not sure how they changed or if they did. I hated operating leases. You could check becker's site too for updates. Just google ‘becker 2011 updates'. I think they still post 'em online for free. You should find something there about this topic.

    passed

    #411876
    Anonymous
    Inactive

    The decision on changing leases has still not been reached per Yaeger. They actually mention this in the FAR cram. Just study it as its presented in the lectures.

    #411877
    Anonymous
    Inactive

    There wasn't even a mention in Becker, but I do remember my Acct Prof saying that last year about how the FASB is considering the changes, however, it is still a testable concept.

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