1. Summarize the GAAP versus IFRS existing and pending (if any) requirements for accounting for leases. - Reffect knowledge of both the principles and standards of each and include any relevant information that impacts accounting for leases. 2. Analyze the impact of GAAP and IFRS on the reporting of your chosen corporation's leases. - Reflect knowledge of GAPP and IFRS and include information specific to your chosen corporation. The next two tasks will ask you to analyze including lease liability and eliminating lease Hablity and the impact each has on the financial ratios of your chosen corporation. 1. Analyze the impact that including lease liability has on the financial ratios of you chosen cbiporation, report your conclusion. o Provide a detailed description and supporting calculations. - Provide conclusions based on the information gatheced in the analysis. 2. Analyze the impact eliminating the lease liability has on the financial ratios of your chosen corporation by recalculating the debt-to-equity ratio, report your conclusions. - Provide a detailed description and suppotting calculations. - Provide conclusions based on the information gathered in the anstysis 3. Use four quasty academic sources to support your writing Choose sources that are credible, relevant, and appropriate. Cite exh source listed on your source pape at kant one time within your assignenent. For helo with research, writing, and citation, access the library or roview library guides. o It is required that at least one IFRS and one FASB ASC be included in your reference liht and cited in your paper. 1. Summarize the GAAP versus IFRS existing and pending (if any) requirements for accounting for leases. - Reffect knowledge of both the principles and standards of each and include any relevant information that impacts accounting for leases. 2. Analyze the impact of GAAP and IFRS on the reporting of your chosen corporation's leases. - Reflect knowledge of GAPP and IFRS and include information specific to your chosen corporation. The next two tasks will ask you to analyze including lease liability and eliminating lease Hablity and the impact each has on the financial ratios of your chosen corporation. 1. Analyze the impact that including lease liability has on the financial ratios of you chosen cbiporation, report your conclusion. o Provide a detailed description and supporting calculations. - Provide conclusions based on the information gatheced in the analysis. 2. Analyze the impact eliminating the lease liability has on the financial ratios of your chosen corporation by recalculating the debt-to-equity ratio, report your conclusions. - Provide a detailed description and suppotting calculations. - Provide conclusions based on the information gathered in the anstysis 3. Use four quasty academic sources to support your writing Choose sources that are credible, relevant, and appropriate. Cite exh source listed on your source pape at kant one time within your assignenent. For helo with research, writing, and citation, access the library or roview library guides. o It is required that at least one IFRS and one FASB ASC be included in your reference liht and cited in your paper
