Leasing Decisions Businesses generally own fixed (capital) assets. However, it the ability to use buildings and equipment that is important to the business, not their ownership. One way to obtain the use of capital assets is to lease them. Address the following requirements: What are the different types of leases? How can a lease be […]
Select a company of your choice. Compare and contrast the impact that ASU 2016-02, Leases will have on the financial ratios of your chosen company.
Week 8 Assignment – Impact of Financial Accounting Standards Board (FASB) Accounting Standards Update ASU 2016-02, Leases Overview Accounting is the language of business, and it is not a dead language! The FASB is responsible for ensuring that all relevant and material financial information is properly codified in the Generally Accepted Accounting Principles (GAAP).The use […]