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Lease classification – Finance or operating lease?
This first episode in a miniseries on lease accounting focuses on lease classification. We provide an overview of the differences between finance and operating leases and discuss the criteria for classifying leases.
In this episode, you’ll hear:
3:30 - An overview of the key differences between finance and operating leases, including expense recognition and cash flow classification
5:15 - A discussion of how to determine if a lease should be classified as finance or operating including:
6:35 - Lease commencement date considerations
10:20 - Whether a lease contains a single asset or multiple…
The skinny
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