This question was asked during the Proformative
What are the key issues to know about GAAP/IFRS convergence in the area of lease accounting? (Webinar Attendee Question)
Answers
Currently there is a U.S. GAAP/ IFRS convergence
The lease exposure draft is expected sometime in Q4-2012.
Please feel free to contact me directly if you need any further clarification either on this issues or on the current leasing accounting standard in general.
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Accounting