ACC 306 What is a lease and how is it used as a financing vehicle?

ACC306What is a lease and how is it used as a financing vehicle? How are leases accounted for withinthe firm’s financial reports? What is the difference between a capital lease and an operatinglease? What is residual value? What are executory costs? What considerations are relevant in alease or sell decision? Provide a discussion of all potential scenarios and the relevant accountingrequirements.Your paper must:1. Identify the main issues in the chosen area and accurately respond to each of thequestions from the chosen area.2. Build upon class activities by referencing new learning that has occurred.3. Present specific current and/or future applications and relevance to the typical workplace.Guidelines for Writing the Final PaperPaper must be seven to ten (7-10) double-spaced pages in length, exclusive of Appendix,References, Exhibits, etc.Formatted according to APA style as outlined in the approved APA style guide (includingtitle page and reference list).Must include an introductory paragraph with a succinct thesis statement.Must address the topic of the paper with critical thought.Must conclude with a restatement of the thesis and a conclusion paragraph.Must include at least three other appropriately documented, related articles drawnfrom the University’s library (excluding your textbook).