The CPA Journal: An Analysis of the New Sale and Leaseback Guidance

This article will provide a brief overview of lessor and lessee accounting, followed by a more detailed discussion and analysis of the sale and leaseback provisions in ASC Topic 842. Although some transactions can easily be identified as sale and leaseback transactions (SLB), classification of certain other arrangements may pose challenges for companies. Bona fide sale and lease-back transactions must meet the sale criteria under Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, and the leaseback criteria under ASC 842.

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