CCH Accounting for Leases analyzes Statement of Financial Accounting Standards No. 13, Accounting for Leases, which was released in November 1976, and the numerous sucessive Interpretations, Technical Bulletins, and Emerging Issue Task Force consensus issues that have been issued since then.

It covers a broad range of transactions, including: acquisitions of businesses by acquiring assets or stock; acquisitions of minority interests; leveraged buyouts; reverse acquisitions; rollup transactions; and transfers and exchanges between companies under common control.

CCH Accounting for Leases analyzes FASB Statement No. 13, Accounting for Leases, which was released in November 1976, and the numerous successive Interpretations, Technical Bulletins, and Emerging Issue Task Force consensus issues that have been issued since then. Since Statement's 13 issuance, the FASB has amended the Statement 18 times, issued 6 Interpretations, and 12 Technical Bulletins. Further, the EITF has addressed leasing transactions in more than 30 different Issues (excluding issues related to consolidations of special purpose entities). This publication delves into the complex nature of the criteria set through defining a lease and determining whether it should be accounted for as a sale/purchase or as an operating lease. CCH Accounting for Leases also includes various interpretations and commentary related to investment tax credits (ITC) in the event ITC is reinstated in the future.

The accounting standards are always changing. Never has this observation more true than now. High profile accounting scandals have resulted in a slew of new standards and projects designed to repair damage and improve financial reporting. CCH's Top Accounting Issues for 2007 Course helps CPAs stay abreast of the most significant new standards and important projects. It does so by identifying the events of the past year that have developed into hot issues and reviewing the opportunities and pitfalls presented by the changes. The topics reviewed were selected because of their impact on financial reporting and because of the role they play in understanding the accounting landscape in the year ahead Study Questions and a CPE Quizzer are included to help users obtain valuable CPE credit.