Select a public for-profit corporation of your choice to write a 34 page (not counting the cover page, abstract or reference list) report in which you:

 

1. Summarize the GAAP versus IFRS existing and pending (if any) requirements for accounting for leases.
   • Reflect 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 corporations leases.
   • Reflect your knowledge of GAPP and IFRS and include information specific to your chosen corporation.

Analyze including lease liability and eliminating lease liability 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 your chosen corporation, report your conclusion.
   • Provide a detailed description and supporting calculations.
   • Provide conclusions based on the information gathered 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 supporting calculations.
   • Provide conclusions based on the information gathered in the analysis.
3. Use four quality academic sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library or review library guides.
   • It is required that at least one IFRS and one FASB ASC be included in your reference list and cited in your paper.

Answer rating: 100% (QA)

Certainly I will prepare a 34page report on the accounting for leases ... View the full answer