[Lost1]

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."

[Lost1]

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."

[J]

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!

[OJFWEroiu]

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

[Anonymous]

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.

[Anonymous]

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.

[Author]

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