Understanding Operating and Capital Leases

🖨 Print⏱ 4 min readShare by The first thing to define is what a lease itself is. It’s an agreement or contract where one party, the lessor, allows another individual or business, the lessee, to use their asset in return … Continue reading →

🖨 Print⏱ 4 min readShare by The term mark-to-market is an important phrase in corporate finance that has many nuances and industry-specific uses. Mark-to-market is a corporate finance term that provides businesses with a way to evaluate a holding’s fair … Continue reading →

🖨 Print⏱ 3 min readShare by When it comes to determining if a business is eligible to claim a net operating loss (NOL), it depends on the financial situation. If a business’ taxable income is less than its allowable deductions … Continue reading →

🖨 Print⏱ 4 min readShare by When it comes to accounting for capital assets, specifically depreciating capital assets, the Governmental Accounting Standards Board (GASB) provides guidance to state and local governments for accounting processes. The GASB is responsible for the … Continue reading →

🖨 Print⏱ 3 min readShare by Purchase acquisition accounting is the commonly accepted method to document the acquisition of another business on the balance sheet of the acquiring company. The business’ assets that are being acquired are documented on the … Continue reading →

🖨 Print⏱ 4 min readShare by According to the Federal Register, there were about 90,000 local and state government entities throughout the country in 2022. This number is comprised of towns, counties, cities, special districts, and independent school districts. One … Continue reading →