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August 31, 2005
Leases, Capital and Operating
... or, don't make me think so fast! Today's ACC455 in-class exercise had us figuring out the classification, and crunching the numbers, for a hypothetical capital lease, and looking at how the lessee and lessor account for such a lease. This class is one that does not allow any daydreaming -- the material comes at you pretty fast, so you have to stay focused on the task at hand. Fortunately, Dr. Wilburn sticks fairly close to the material as presented in the text, so you get two chances to absorb it.
This afternoon's ACC456 class will be talking about partnerships -- a useful discussion in light of the fact that Kafalas.com is an LLC, which is not exactly a partnership but shares a lot of the characteristics of one.
Posted by Urbie at August 31, 2005 02:54 PM
Comments
And, Kafalas.com, LLC is about to awaken and be a web design firm as the Universe gave the Art Department a hugish kick in the fanny. Tell your friends.
Posted by: Meg at September 2, 2005 02:31 AM