Discussion 1The FASB’s revised standard on leases, ASC 842,
Discussion 1The FASB’s revised standard on leases, ASC 842, was effective for public companies beginning 2018. One significant implication of this standard is that operating leases that were previously kept off the balance sheet are now required to be recorded on the balance sheet as a liability.Use the internet to learn more about FASB ASC Topic 842, Leases. Write a brief memo describing (a) whether you agree with the FASB’s decision to move operating leases to the balance sheet, (b) the expected magnitude of the operating lease liabilities that will be added to balance sheets in the United States, (c) how these new liabilities are being treated for purposes of computing debt covenant compliance by different users (investors, lenders, management), and (d) how the new treatment for operating leases affects the audit.Points will be deducted for poor grammar and misspelled words.Discussion 2Both Intel (www.intel.com (Links to an external site.)) and Microsoft (www.microsoft.com (Links to an external site.)) have large amounts of investment securities. Visit their home pages, and review their financial statements for information on how they account for investment securities and the amounts of those securities. Describe your findings in a short memo.Points will be deducted for poor grammar and misspelled words.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
