FASB Statement 13
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FASB Statement 13 is the Financial Accounting Standards Board statement that spells out the conditions under which a lease must be capitalized and the specific procedures to follow.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- FASB Statement 13. The Financial Accounting Standards Board statement that spells out the conditions under which a lease must be capitalized and the specific procedures to follow.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
