Accounting for Leases ― Fundamental Principles

Accounting for Leases: Fundamental Principles provides you with an overview of the complicated lease accounting rules that impact your transactions. These rules affect both lessees and lessors, and this authoritative text discusses a wide range of topics that facilitate your lease accounting practices, including the background of lease accounting and financial reporting rules, short- and long-term lease accounting trends, and the current state of lease accounting rules. Additionally, this essential text explains the nature of the changes that have been made to lease accounting regulations and the guidelines that affect the structuring of more complex leasing transactions due to accounting improprieties that have gained attention on an international scale.

After the impact of off-balance sheet activity became clear through the actions of Enron and other companies, and headline investigations revealed the depth of exploitation, policymakers have attempted to close loopholes by updating lease accounting rules and regulations. Understanding the new guidelines can keep you on the right side of the law.

• Review the complex lease accounting rules that impact you whether you are a lessee or a lessor
• Dive into relevant topics, such as the background of lease accounting and financial reporting rules, short- and long-term lease accounting trends, and the current lease accounting rule environment
• Understand how real events have influenced policy, and the regulations that have resulted
• Leverage a targeted test bank to reinforce key concepts in the classroom

Accounting for Leases: Fundamental Principles is your essential guide to the disclosure requirements applicable to both lessees and lessors.