A Study on Whether Lease Capitalization by the Lessee Provides Necessary Information to its Investors

Date
2014-01-15
Authors
Kan, Sheila
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Accounting
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University of Hawaii at Manoa
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The capitalization of leases on a lessee's balance sheet has been a controversial issue in the accounting profession for more than three decades. In spite of the pronouncements by the American Institute of Certified Public Accountants and the Securities and Exchange Commission throughout these years, the questions remain unsolved. The purpose of this paper is to consider whether lease capitalization by the lessee provides necessary information about the company to an investor plac­ing a value upon its common stock. In doing so, we are taking only one aspect of the arguments involved, namely, information for investors as a reason for lease capitalization. Other arguments for or against lease capitalization will not be covered except as background informa­tion. Therefore, any conclusion reached in this paper will be based upon this aspect alone and there is no intent to propose any overall solution to the problem of whether leases should be capitalized.
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ii, 76 pages
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