Campus Only Senior Thesis
Bachelor of Arts
© 2011 Lacey A. McLean
The release of the Exposure Draft Leases by the Financial Accounting Standards Board in August 2010 has brought about much discussion regarding the proposed treatment for lease accounting. The changes proposed include the capitalization of operating leases by lessees, which are currently regarded as off-balance sheet financing. When the proposed changes take place, industries that have substantial off-balance sheet leases currently, such as the retail industry, will face significant adjustments for assets and liabilities, as well as changes in their income statement. This paper quantifies these changes in the retail industry and examines the effect of these changes on each firm’s current debt covenant agreements.
McLean, Lacey A., "An Examination of the Implications of the Exposure Draft "Leases" on Retail Corporations" (2011). CMC Senior Theses. 250.
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