Question
E1. In Note 4: Summary of accounting policies, part 4.12.4: Leasees, AF states that leases are classified as finance leases when the lease arrangement transfers
E1. In Note 4: Summary of accounting policies, part 4.12.4: Leasees, AF states that leases are classified as finance leases when the lease arrangement transfers substantially all the risks and reward of ownership to the lessee. Is this the policy companies using U.S. GAAP follow accounting for capital leases? Explain.
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Trusted Advisors Key Attributes Of Outstanding Internal Auditors
Authors: Richard F. Chambers, President And CEO Of The IIA
1st Edition
0894139819, 978-0894139819
