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Commenting and discussing the problem of lease accounting, the historical and theoretical background, which highlights the main issues in lease accounting, those arising in earlier proposals , and in ED 2013/6 Leases. There are 6 questions in the ED 2010/9 Leases (2010). Please answer at least question 1, 2 and 3.
Please choose a normative model of lease accounting (that is, adopt a decision-relevance on a stewardship approach), justify it, and provide evidence to support it.
The suggested broad structure:
The DP and ED 2010
(Assuming the reader is acquainted with the ED and its basis for conclusions, but you should reproduce to show the reader what you think are key parts and analyse them when you take your points.
The essay provide examples of different approaches, concerns, and conclusions. You are free to adopt the approach, raise those concerns, and draw those conclusions that will provide coherent, reasoned, and evidenced, answers.)
Please contact me if any questions arise.
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