Discuss the implications of lease accounting for the analysis of financial statements.
Answer to relevant QuestionsCompanies use various financing methods to avoid reporting debt on the balance sheet. Identify and describe some of these off-balance-sheet financing methods.Identify types of equity securities that are similar to debt.Explain why the accounting for small stock dividends requires that market value, rather than par value, of the shares distributed be charged against retained earnings.What are the major actuarial assumptions underlying the postretirement benefits? Explain how a manager can manipulate these assumptions to window-dress the financial statements.How does current pension accounting (SFAS158) articulate the net economic position (funded status) recognized in the balance sheet with the smoothed net periodic pension cost recognized in net income?
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