Leaseurope continues to try to persuade
the IASB and FASB to come up with “reasonable proposals” for future
IFRS leasing accounting.
The two boards held meetings last month
and the IASB has said it will consider a “hybrid approach” which
could see lessors applying to five accounting models.
Leaseurope has said the hybrid model
could mean many leases will be accounted for in a way that
“completely fails to represent the economics of these
It is therefore calling on the IASB to
look at the issue again and to “apply a solution that reflects the
economic substance of lease transactions”.