Identify the two recognized lease-accounting methods for lessees and distinguish between them. What are the major lessor groups in the United States? Let's discuss the big changes that have occured in accounting for leases. What was the major change? When did they occur? What industries were most impacted and why? What impact did this have on financial ratios?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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(J) Identify the two recognized lease-accounting methods for lessees and distinguish between them. What are the major lessor groups in the United States? Let's discuss the big changes that have occured in accounting for leases. What was the major change? When did they occur? What industries were most impacted and why? What impact did this have on financial ratios?

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