There has been criticism of off-balance sheet financing. Why is there controversy over this topic?

What are the differences between capital and operating leases?

Assess whether it makes any difference if firms make disclosures about capital leases instead of recording them in the financial statements. What are pros and cons?

What are some new rules issued by GAAP for operating and capital leases?

Find a public company and locate disclosure of a capital lease. What are some topics covered?