IASB July 2008
24 July 2008
At the technical plan meeting in June 2008 the staff presented a revised project plan for leases.
IASB October 2007
18 October 2007
The Board discussed lease arrangements that give rise to additional obligations of the lessee, including obligations:
IASB June 2007
19 June 2007
At its meeting in March 2007 the Board tentatively concluded that in a simple lease, the lessee’s contractual right to use the leased item meets the definition of an asset (right to use asset) and its contractual obligation to make payments to the lessor meets the definition of a liability. At this meeting, the Board discussed the measurement of these assets and liabilities both on initial recognition and subsequently.
IASB May 2007
15 May 2007
The Board discussed lease contracts that give the lessee an option to extend the lease for an additional period or an option to terminate the lease early.
IASB March 2007
22 March 2007
The Board held its first discussions on the lease accounting project. The project is a joint project with the FASB that will lead to a fundamental reconsideration of lease accounting. The first step in the project will be the publication of a discussion paper in 2008.
IASB July 2006
19 July 2006
The Board voted to add to its agenda a project on lease accounting. The project will be conducted jointly with the US Financial Accounting Standards Board (FASB) and is expected to result in the publication of a joint discussion paper in 2008.
Joint IASB and FASB April 2006
27 April 2006
The boards held a preliminary discussion on whether to add a project on leases to their agendas. It was agreed that a joint project was preferable.
IASB March 2006
30 March 2006
Preliminary to consideration by the SAC, the Board discussed a draft proposal to add a leasing project to its agenda. The project would build on the work carried out in the joint research project with the UK ASB, and would initially result in a discussion paper.