Rethinking The “Right-of-Use” Asset—Grant Thornton
The FASB and IASB Don't Seem to Be Open to Reconsidering Basic Assumptions Behind the "Right-of-Use" Asset.  Here's Why They Should. The attempt to find a single lease accounting model based on recognition of a right-of-use asset has faltered, assert two professionals in Grant Thornton LLP’s National Professional Standards Group.  In a new white paper, they suggest a control-based model as an alternative: ...
Read more ›