Palo Alto Networks GL Accountant Interview Questions and Answers

Lease accounting refers to the accounting treatment of lease agreements, where the lessee records the leased asset as an asset and the lease payments as liabilities.

• Lease accounting involves classifying leases as either operating leases or finance leases.

• For operating leases, lease payments are expensed over the lease term, while for finance leases, the leased asset is capitalized on the balance sheet.

• Under the new lea...read more