The construction team at Smith & Howard often advises construction clients who have separate, but related, business entities used to buy vehicles, equipment or facilities that they then lease back to their parent company. Earlier in 2014, FASB issued guidance that applies to privately held companies using GAAP providing a way for some construction companies to realize a simpler way to handle the financial reporting of these type of lease/buy-back arrangements.
Simplifying the Financial Reporting of Leasing Arrangements
Posted by celliott on Aug 25, 2014 12:21:59 PM
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Topics: common-control leasing, Construction, FASB, Financial Reporting, GAAP, Uncategorized