Leases to Be Recognized on Lessee Balance Sheets

摘要

In 2005, the SEC staff released a study mandated by the Sarbanes-Oxley Act examining the primary sources of off-balance-sheet financing under U.S. generally accepted accounting principles (GAAP) in existence at that time. The Securities and Exchange Commission (SEC) staff study identified operating leases as one of the top sources of off-balance-sheet financing. The study estimated that approximately $1.25 trillion in off-balance-sheet leases existed among SEC registrants at that time.