Introduction to Sales and Leases• Distinguish a sale from a lease and describe the governing law for both. • Identify and explain the fundamental principles of Article 2 and Article 2A of the Uniform Commercial Code (UCC). • Compare and contrast the manifestation of mutual assent under both the common law and under Article 2. […]
Tag Archives: Leases
Analyze the impact of lease concessions or lease modifications on the reporting of your chosen company’s leases.
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 […]
