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Posted: June 15th, 2022
The existing lease accounting model does not promote transparency & comparability of the monetary place of corporations that purchase belongings with those who lease comparable belongings. This has led critics to say that the monetary statements do not all the time present a devoted illustration of leasing transactions. FASB / IASB have deliberated on the principle problems with recognition and measurement however with differing views .Required:Talk about the principle points highlighted by the IASB and FASB, together with their differing views, in reaching comparability and transparency in monetary statements.
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