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Despite recent disagreement between the IASB’s IFRS and FASB’s US-GAAP, on the lease accounting topic, lease transaction has became a popular way for companies to finance...
As far as Accounting for ‘Operating Lease’ concern, under current FASB rules, a company can classify a lease as ‘operating lease’ if the lease period is...
Many of us still in confuse in understanding lease classification, especially leases that involving land, building and equipment [Real Estate]. From comments arisen so far, the...
Although I have been discussing about lease quiet often, I still receive questions [in various terms] about lease. Through this “lease” post series, I provide answer...
Lease accounting has been a disaster for a very long time. Many Corporate managers can deceive investors and creditors by reporting leases as operating leases and...
In a lease arrangement, the owner-lessor agrees to rent an asset (machinery, equipment, land, or building) to the tenant-lessee for a set number of periods at...