Monthly Archive: June 2013

Jun 25 2013

Lease Accounting Changes: The Impact to the Hospitality Industry

Lease accounting, particularly as it relates to lessee accounting, has been a controversial topic for a number of years. The fact that a lessee under current generally accepted accounting principles (“GAAP”) can execute a contract to make legally binding payments over a period of time, structure the contract so that it is classified as an …

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