(Previous Posts: Part 1, Part 2, Part 3)

Here is the fourth 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 summarizes the structural aspects of financial-statement presentation and disclosure under Approach Y and three other approaches. The summary supports the conclusion that financial statements prepared under Approach Y would be more decision-useful than financial statements prepared under the other approaches.

Please find the new paper attached.


Approach Y – Working Paper 4 (PDF)

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