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Will Leasing Lose Its Luster: An Analysis Of Lease Reporting Under Fas 13, Casey Gates
Will Leasing Lose Its Luster: An Analysis Of Lease Reporting Under Fas 13, Casey Gates
HIM 1990-2015
When standards for financial reporting are amended, potential for change in the appearance of financial position for companies reporting under those standards arises. Currently standards set forth by the Financial Accounting Standards Board (FASB) allow for two methods of reporting lease obligations on the financial statements. The first of these methods is the operating method, which allows lease payments to be expensed within the period they are incurred and only a decrease in cash or an increase in an account payable is recognized on the balance sheet. The second method is the capital method, which requires the present value of …