(Previous Posts: Part 1)

Here is the second in a series of working papers that I am preparing to explain “Approach Y”—a lease-accounting model for entities that are lessees. The new working paper, which compares the measurement outcomes of Approach Y and other approaches, is attached. Also attached is the Excel file to which the new working paper refers.

Attachments

Approach Y – Working Paper 2 (PDF)

Approach Y – Comparison of Approaches – Measurement (Excel)

I welcome your feedback on the new working paper and Excel file. I also invite you to watch for my additional working papers comparing various approaches with regard to their actual and perceived concceptual bases, presentation/disclosure aspects, and other dimensions. Also forthcoming is a working paper on the scope of Approach Y’s applicability to different kinds of leases.