- 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 Generally Accepted Accounting Principles (GAAP).
The use of off balance sheet leases to distort the real liabilities of companies is a topic of long-lived concern. ASU 2016-02, Leases, is the most recent action of FASB to address this issue.
For this assignment you will select a company of your choice or use one (1) of the companies you researched in your weekly discussions to write a six to eight (6-8) page report in which you:
- Summarize the impact of ASU 2016-02, Leases on the recording of leases.
- Discuss at least three (3) elements featured in the current information reported by your chosen company for its leases.
- Analyze the impact of the new standard on the reporting of your chosen company’s leases.
- Compare and contrast the impact that ASU 2016-02, Leases will have on the financial ratios of your chosen company.
- Determine the impact of the changes to accounting for leases on the recommendations of stock analysts for your chosen company.
- Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other websites do not qualify as academic resources.
- Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
- The specific course learning outcomes associated with this assignment are:
- Examine accounting principles and concepts used in businesses.
- Prepare and record financial transactions in the accounting cycle according to Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) accounting methodology.
- Prepare and analyze financial statements including the balance sheet, income statement, and statement of cash flow according to GAAP and IFRS.
- Examine inventory costing and valuation according to GAAP and IFRS.
- Analyze how GAAP is applied to asset valuation and liabilities.
- Determine how to value investments and how to report them based on that valuation.
- Analyze the accounting for corporation requirements related to stock valuation, dividends, and retained earnings.
- Calculate financial ratios, interpret results, and draw conclusions.
- Use technology and information resources to research issues in financial accounting.
- Write clearly and concisely about financial accounting using proper writing mechanics.
All your
Writing
needs covered
Accounting is the language of business, and it is not a dead language
Calculate the price
of
your order:
Basic features
- Free title page and bibliography
- Unlimited revisions
- Plagiarism-free guarantee
- Money-back guarantee
- 24/7 support
On-demand options
- Writer's samples
- Part-by-part delivery
- Overnight delivery
- Copies of used sources
- Expert Proofreading
Paper format
- 275 words per page
- 12pt Arial/Times New Roman
- Double line spacing
- Any citation style (APA, MLA, CHicago/Turabian, Havard)
Guaranteed originality
We guarantee 0% plagiarism! Our orders are custom made from scratch. Our team is dedicated to providing you academic papers with zero traces of plagiarism.
Affordable prices
We know how hard it is to pay the bills while being in college, which is why our rates are extremely affordable and within your budget. You will not find any other company that provides the same quality of work for such affordable prices.
Best experts
Our writer are the crème de la crème of the essay writing industry. They are highly qualified in their field of expertise and have extensive experience when it comes to research papers, term essays or any other academic assignment that you may be given!
Calculate the price of your order
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.