|Writing from Scratch
Accounting for leases under the new standard.
11 Point font and and 1.5 line spacing. You must reference any ideas taken from external sources. Please include at least 4 footnotes (not including the article or the codification) and a bibliography in standard form are required. an introduction paragraph with a thesis addressing the new lease accounting under the new standard (6-7 sentences). A conclusion to wrap up the thesis/main points of the paper (7-8 sentences). please spend most of the critical analysis in answering the two questions. 1. What are the implications of the potential differences in values between the right-of-use asset and the lease liability? 2. Will lessees resort to reducing the length of leases to less than a year to avoid the complications of lease accounting? Read the article “Accounting for Leases Under the New Standard, Part 1” in the CPA Journal at: https://www.cpajournal.com/2017/08/23/accounting-leases-new-standard-part-1/ You can access the Codification at http://www2.aaahq.org/ascLogin.cfm