ethics
January 24, 2020Information Management
January 24, 2020Since the textbook has been published, FASB has issued new accounting standard guidance for operating leases. Read the two required reading articles in this module about leases listed below:
Shannon, C. (2016). How will the new lease accounting standard impact loan covenants? (Links to an external site.) Equipment Leasing & Financing, Washington D.C., 32(4), 40-41.
Sliwoski, L. (2017). Understanding the new lease accounting guidance (Links to an external site.). Journal of Corporate Accounting and Finance, 28(40), 48-52.
Post about the changes in the treatment in operating lease accounting and how these new standards will impact debt covenants. What is the impact to off-balance sheet reporting? Be sure to include your opinion on how this new standard impacts the reliability and transparency of financial statements.
Chapter 3 in Financial Statement Analysis
Drum, J., Stangle, B., & Starfield, R. (2018). Keeping covenants: Getting debt ratios right. Journal of Accountancy, 225(6), 34-38.
Mehra, R. (2018). Business loan vs. equity financing: Which is more suitable for your business? The Economic Times, New Delhi.
Shannon, C. (2016). How will the new lease accounting standard impact loan covenants? Equipment Leasing & Financing, Washington D.C., 32(4), 40-41.
Sliwoski, L. (2017). Understanding the new lease accounting guidance. Journal of Corporate Accounting and Finance, 28(40), 48-52.
Financial Accounting Standards Board (FASB). (1975). Statement of financial accounting standards no. 5: Accounting for contingencies. Retrieved from http://www.fasb.org/pdf/fas5.pdf
Subramanyam, K. R. (2014). Financial statement analysis (11th ed.). New York, NY: McGraw Hill. ISBN13: 9780078110962
