Finance lease criteria refer to the specific conditions under which a lease is classified as a finance lease, rather than an operating lease. These criteria typically include the transfer of ownership, the lease term covering a major part of the asset’s economic life, and the present value of lease payments approximating the asset’s fair value. Meeting the finance lease criteria impacts financial reporting and asset recognition.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.