Leasing is a popular form of capital investment, and almost every corporation has some type of lease, including everything from office space to heavy equipment leases. The FASB and IASB are currently working on a joint project dealing with leases with the goal of converging the "bright lines" under U.S. GAAP and the broad principles of IFRS. In early 2012, these groups are expected to release a second exposure draft, which this course will review in detail.
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