Retailers, Banks Oppose Front Loading In Lease Accounting Proposal


Financial institutions, retailers and airlines are pushing the International Accounting Standards Board and the Financial Accounting Standards Board to change a proposal to use front-loading to record leases on balance sheets. Companies have accepted that centerpiece of the proposed lease accounting standard change, which treats leases as a new kind of asset, is unlikely to change, but they say the front-loading issue is particularly sensitive to their operations.