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ACC 499 Week 1 DQ 1 Operating and Capital Leases and
DQ 2 Leasing Restatements
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Week 1 Discussion 1
Operating and Capital Leases" Please respond to the following:
From the e-Activity, analyze the results of the proposed changes to lease
accounting on operating and capital leases. Identifying how the right-of-
use model will impact financial reporting, indicate how companies are
likely to manage the change in reporting.
Discuss recommendations you would make to chief financial officers
(CFOs) of retailers, service providers, and other businesses that lease
several locations or have substantial leases of real estate or other assets.
Indicate the pros and cons of each approach.
Week 1 Discussion 2
"Leasing Restatements in the Restaurant Industry" Please respond to the
following:
From the case study, create an argument for the use of principles-based
accounting for leases over rules-based accounting under GAAP, based