Asset Details
Do you wish to reserve the book?
New Sale and Leaseback Accounting: Pitfalls and Opportunities
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
New Sale and Leaseback Accounting: Pitfalls and Opportunities
Do you wish to request the book?
New Sale and Leaseback Accounting: Pitfalls and Opportunities
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
New Sale and Leaseback Accounting: Pitfalls and Opportunities
1989
Overview
Statement of Financial Accounting Standards (SFAS) 98 significantly alters accounting methods for sales and leasebacks involving real estate. It became generally effective for transactions entered into after June 30, 1988. SFAS 98 specifies that a sale and leaseback transaction involving real estate or real estate with equipment must qualify as a sale under the provisions of SFAS 66, Accounting for Sales of Real Estate. Sale and leaseback accounting should be used if the transaction meets these criteria: 1. It is a normal active-use leaseback. 2. There is adequate initial and continuing investment by the buyer-lessor. 3. There is no continuing involvement by the seller-lessee. Both SFAS 66 and SFAS 98 preclude sale accounting if the seller has an obligation or an option to repurchase the property or if the buyer can compel the seller to repurchase the property. A lease involving real estate must transfer ownership of the property at or shortly after the end of the lease term to qualify as a sale-type lease.
Publisher
Coopers & Lybrand - NY
Subject
