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Posted: June 15th, 2022
The existing lease accounting model does not promote transparency
The existing lease accounting model does not promote transparency & comparability of the financial position of companies that buy assets with those that lease similar assets. This has led critics to assert that the financial statements do not always provide a faithful representation of leasing transactions. FASB / IASB have deliberated on the main issues of recognition and measurement but with differing views .Required:Ace my homework – Write my paper – Online assignment help tutors – Discuss the main issues highlighted by the IASB and FASB, including their differing views, in achieving comparability and transparency in financial statements.
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