Operating Lease vs Finance Lease: What’s the Difference?
The Financial Accounting Standards Board changed the lease accounting game forever when they declared the ASC 842 new lease accounting standard.
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Lease Accounting 101: Back to the Basics of ASC 842
FASB Resources
Using the Straight-Line Method of Expense in Lease Accounting
First things first: Let’s set some definitions straight, because straight-line expense is different from straight-line amortization and straight-line...
What is Sale and Leaseback?
A sale and leaseback agreement is a transaction where the seller of an asset becomes the lessee and the purchaser becomes the lessor. Nothing changes...