Lessee vs Lessor: A Guide to Roles and Responsibilities
Similar to IFRS 16, there is only one type of lease for all leases, similar to the finance lease under ASC 842. A lessor is someone who grants the use of an asset to someone else; they have legal rights to lease an asset under an agreement. The lessor also has the ability to grant …
Lessee vs Lessor: A Guide to Roles and Responsibilities Read More »