Leases

Explain the current exposure draft treatment of the following:
• Definition of a lease
• Definition of term of lease
• Scope of standard
• Interest and amortization and Single Lease expense treatments
• Application to LESSOR
• Lease components
• Sub leases
• Variable lease payments
Compare FASB exposure draft to current lease rules
Compare and contrast FASB and IASB tentative approaches
Comment on what you see as advantages and disadvantages of new rules as presented in most current exposure draft.
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The paper may be submitted as a group paper or if you choose you may do it individually.

The pages should be double spaced with 1 inch on all sides. The fonts should be 12 point. Parenthetical references should be used along with a work cited page as described in APA

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