Overview
For this assignment, write a script for a radio/television show as if you were interviewing a financial analyst concerning topics discussed in this unit.
Include input from both the interviewer and interviewee standpoint. What questions would you ask as the interviewer? What answers would you give to those questions as the interviewee?
In your interview script, address the following topics:
choices between leasing and buying,
types of leases (operating leases and finance leases),
lease terms,
leasing environment,
legal and regulatory frameworks governing leasing contracts,
lessee and lessor accounting issues, and
lease income and expense.
Your script must be a minimum of three pages.
Assume you are the CFO of a mid-sized company. Examine common types of accounting changes. Then complete the following below.
Describe how accounting changes are reported, in terms of materiality. What possible issues and/or situations would warrant a change or revision for an error?
Explain any that you have come across.
Describe the treatment of accounting principle changes and accounting estimates for reporting.
Express how to account for a correction of a prior error within the accounting books.
Your response must be at least 300 words in length.