Could An MBA Degree Prepare You For Overhaul?
November 25, 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
The plan to overhaul the system of lease accounting has made a development after the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board met to discuss ways in which global financial standards could be drawn up.
Commenting on the recent meeting, Compliance Week reports that the FASB argued that if lease terms are based on index or rate changes, measurement should also rely on an index to deliver an estimate of expected lease payments.
As such, the forum notes that the FASB wants such lease terms "deemed a recognition issue, which would require entities to make some upfront judgments about their likely obligations over the expected life of the lease if they have some uncertainty about their ultimate obligations".
Such news may persuade you that participating in a finance MBA could prepare you for any changes to the accounting sector, as well as furthering your knowledge in the areas which the FASB discusses, issues which you may find challenging.
You may remember that the International Accounting Standards Committee Foundation recently urged world leaders to approve benchmarks to be implemented globally in order to achieve fair value accounting and the standards-setting process.
Find a Top Online MBA Program Today – Getting Your Online MBA is One Step Away!
