A capital lease, also known as a finance lease, is a contractual agreement where the lessee obtains the right to use an asset and assumes ownership-like risks and benefits. It is recorded on the balance sheet as both an asset and a liability. Understanding “what’s a capital lease” is crucial for accurate financial reporting and compliance.
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.