FEI proposes simplified approach to leases

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Against the backdrop of repeated complaints about the complexity of the IASB’s and FASB’s joint re-exposed proposed approach for the recognition and measurement of leases, Financial Executives International (FEI) has reminded the boards of an alternative approach to lease accounting it developed in its original comment letter. FEI believes its suggested ‘Display approach’ would achieve the enhanced balance sheet display that is the primary goal of the leases project while at the same time avoiding the complexity of the boards’ proposals.

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