GAAP VS. IFRS TREATMENT OF LEASES AND THE IMPACT ON FINANCIAL RATIOS
Liz Washington Arnold
Review of Business and Finance Studies,
US GAAP, IFRS, Capital Lease, Operating Lease, Financing Lease, Ratios.
As of January 1, 2011, most of the world financial market economies are using International Reporting Standards (IFRS) as the required framework for financial statements. A non-comprehensive listing includes the European Union Countries, Canada, Australia and New Zealan...