(Previous Posts: Part 1, Part 2)

Here is the third 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 evaluates the conceptual bases of Approach Y and three other approaches with regard to subsequently measuring right-of-use (RoU) assets. The results of this evaluation support the conclusion that Approach Y has a better conceptual basis for the subsequent measurement of RoU assets than any of the other three approaches has.

Please find the new paper attached.


Approach Y – Working Paper 3 (PDF)

I welcome your feedback on the new working paper. I also invite you to watch for my additional working papers.