How are IFRS lease disclosures for lessees different that those of U S GAAP IFRS requires disclosure of operating leases, while U S GAAP only requires disclosures for capital leases, as operating leases are treated as simple rental agreements IFRS reporters provide disclosure related to the types o...

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How are IFRS lease disclosures for lessees different that those of U.S. GAAP? IFRS requires disclosure of

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How are IFRS lease disclosures for lessees different that those of U.S. GAAP?

IFRS requires disclosure of operating leases, while U.S. GAAP only requires disclosures for capital leases, as operating leases are treated as simple rental agreements.
IFRS reporters provide disclosure related to the types of leases they have.
U.S. GAAP requires more extensive disclosures related to purchase options and guaranteed residual values than does IFRS.
IFRS and U.S. GAAP disclosures for lessees are identical.