Spring 2011 issue of Horizons

A majority of respondents disagree with the proposed changes to lease accounting. Respondent comments generally suggest that leasing is not ownership and the new accounting creates balance sheet distortion. Overall, the respondents felt that sophisticated users already understand a company’s lease obligations and suggest that operating leases should not be considered differently from other normal operating costs.

Do you agree with proposed lease accounting rules?

28%

51%

14%

7%

No Yes

No Opinion or Response

Yes - With Changes

RubinBrown’s Assurance Services Group Your company will benefit from our highly trained professionals with experience in many industries. We utilize our renowned Business Performance Analysis (BPA) to bring value-added ideas and feedback while performing attest services. Todd Pleimann, CPA - Kansas City Managing Partner, Kansas City Office 913.499.4411 todd.pleimann@rubinbrown.com Fred Kostecki, CPA - St. Louis Partner-In-Charge Assurance Services Group 314.290.3398 fred.kostecki@rubinbrown.com

Rodney Rice, CPA - Denver Partner Assurance Services Group 303.952.1233 rodney.rice@rubinbrown.com

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