Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the lease term
Author: accta
Leases SFAS 13, November 1976 “Accounting for Leases” Sale-Leaseback 1. Entity A sell a property to Entity B 2. Entity B leases the property to
Accounting for Servicing of Financial Assets SFAS 166 amended SFAS 140 in June 2009 SFAS 156 amended SFAS 140 in March 2006 SFAS 140 replaced
Accounting for Servicing of Financial Assets SFAS 156 amended SFAS 140 in March 2006 SFAS 140 replaced SFAS 125 in September 2000 SFAS 156, March
Subsequent Events Statement of Financial Accounting Standards No. 165, May 2009 “Subsequent Events” Events occurred after (a), before (b) (a) balance sheet date (b) date
Stock Dividends, Stock Splits 1. Issuance of new common shares –> to the existing shareholders 2. Without consideration –> Recipients do not pay for new