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Financial Accounting Standards Board (FASB)

While working on a consulting engagement, a supervisor in your team has given you an assignment. The client is a regional trucking company. A new customer has approached the client with an opportunity that would require 120 trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last, but the deal has the potential for significant growth.Your supervisor has asked you to research leases and lease structure issues on the Financial Accounting Standards Board (FASB) website, in particular the current practice and thought related to direct financing, sales type, and operating leases.Prepare a 5 to 8 Powerpoint Presentation  that summarizes your FASB research results. . Keep the presenation brief while exploring the issues. Remember that both the client and the supervisor have limited time, and you want to make a good impression. Recommend an approach that the client can use to evaluate and capitalize on this opportunity.Response to ClientRequest 1Ajia GaspardACC/541August 22, 2016Shonda Meadows Leases and Lease Structure• Leases are discussed in Statement No. 13 of the FinancialAccounting Standards Board….

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