Vaibhav Global Financial Analyst Interview Questions and Answers

Lease accounting involves recording lease agreements on the financial statements in accordance with accounting standards.

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

• Operating leases are treated as off-balance sheet items, while finance leases are recorded as assets and liabilities on the balance sheet.

• Lease payments for operating leases are expensed on the income statement,...read more