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IFRS basically between manufacturer or dealer lessors and other lessors – the difference is the accounting for selling profit. However, mechanics of accounting for finance part is the same (net investment in the lease, allocation, please see more here). Under US GAAP, sales-type lease is ver...
Non-Cash Items→ Non-cash items refer to items related to accrual accounting concepts, such as depreciation and amortization (D&A), as well as stock-based compensation, where no real cash outflow has occurred. Bothnon-recurring itemsare recorded on theincome statementand affectnet income(i.e.,...
Understanding Generally Accepted Accounting Principles (GAAP) GAAP is a set of standards designed to facilitate transparency and consistency in communicating financial information.Start your online business today. For free.Start free trial In 1999, NASA famously lost the $125 million Mars Climate Orbiter...
Understanding Generally Accepted Accounting Principles (GAAP) GAAP is a set of standards designed to facilitate transparency and consistency in communicating financial information.Start your online business today. For free.Start free trial In 1999, NASA famously lost the $125 million Mars Climate Orbiter...
Understanding Generally Accepted Accounting Principles (GAAP) GAAP is a set of standards designed to facilitate transparency and consistency in communicating financial information.Start your online business today. For free.Start free trial In 1999, NASA famously lost the $125 million Mars Climate Orbiter...