Memo to client|Business Finance – Accounting
Debate with your team the Codification Research Case. Have half the team support the sales manager’s position and another part of the team support the CFOs position.
Present both sides and come to a consensus as a team. Additionally, the CFO at this company has asked for your guidance in evaluating leases.
Write a 350- to 525-word memo on this topic, specifically on how to determine whether substantially all of the risks and rewards of ownership are transferred in the lease. Address how “substantially all” is defined in the authoritative literature.
