article thumbnail

Operating Lease Accounting

Wall Street Mojo

Operating Lease Accounting Definition Operating Lease Accounting refers to the accounting methodology used for leasing agreements where the lessor retains the ownership of the leased asset. The lessee records rental payments as expenses in the books of accounts. Show the journal entry for the operating lease transaction.

article thumbnail

Reconciled CEO Michael Ly Shares Lessons Learned from Acquiring Accounting Firms

How2Exit

b' E162: Reconciled CEO, Michael Ly Shares Lessons Learned from Acquiring Accounting Firms - Watch Here rn rn Sponsor: rn rn Reconciled provides industry-leading virtual bookkeeping and accounting services for busy business owners and entrepreneurs across the US.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Aquiline invests in lease accounting software provider LeaseCrunch

PE Hub

LeaseCrunch was founded by a team of former CPAs and accounting auditors in 2016. The post Aquiline invests in lease accounting software provider LeaseCrunch appeared first on PE Hub.

article thumbnail

Delaware Chancery Court Rejects Books And Records Demand Concerning Board's Alleged Failure To Properly Account For U.S. Tax Liabilities On Foreign Earnings

Shearman & Sterling

Beatrice Corwin Living Irrevocable Trust v. Pfizer, Inc., 10425-JL (Del. In rejecting this shareholder demand pursuant to Section 220 of the Delaware General Corporation Law ("DGCL"), the Court found that the shareholder had not shown any "credible basis to infer mismanagement or wrongdoing by the board." " Read more

article thumbnail

RBI imposes Rs 2.2 crore penalty on Indian Overseas Bank for non-compliance

Business Standard - FInance

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said.

Bank 98
article thumbnail

Delaware Chancery Court Rejects Books And Records Demand Concerning Board's Alleged Failure To Properly Account For U.S. Tax Liabilities On Foreign Earnings

Shearman & Sterling

Beatrice Corwin Living Irrevocable Trust v. Pfizer, Inc., 10425-JL (Del. In rejecting this shareholder demand pursuant to Section 220 of the Delaware General Corporation Law ("DGCL"), the Court found that the shareholder had not shown any "credible basis to infer mismanagement or wrongdoing by the board." " Read more

article thumbnail

Statement of Cash Flow

Wall Street Mojo

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period.