Lease Accounting 101: Everything You Need to Know
Coreaxis
MARCH 3, 2024
It helps in assessing the leverage and liquidity of a business, as lease liabilities can affect key financial ratios and debt covenants. Key Principles of Lease Accounting The key principles of lease accounting are outlined in the International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles (GAAP).
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