Retail Leases: A Research Exercise Examining Archived, Current, and Future Standards
Advances in Accounting Education: Teaching and Curriculum Innovations
ISBN: 978-1-78560-970-1, eISBN: 978-1-78560-969-5
Publication date: 6 September 2016
Abstract
Purpose
This exercise exposes students to complex lease transactions, requiring research in the FASB Accounting Standards Codification, archived standards, and future standards (exposure drafts (ED)).
Design/methodology/approach
Case study/exercise/assignment.
Findings
Students analyze how a retail establishment examines lease transactions to ensure its practices are in line with its mission. Students gain experience researching archived, current, and future standards. Student feedback suggests that students feel the exercise is valuable because it reinforces what they learned in earlier courses and it requires them to understand all aspects related to capital and operating leases. Furthermore, direct assessment data based on grading rubrics indicates that most students meet instructor expectations and indirect assessment data based on student perceptions indicates students are meeting the exercise learning outcomes.
Originality/value
This learning exercise fosters critical thinking skills; emulating professional practice issues and enhancing written and communication skills. It reinforces graduate students’ undergraduate learning related to leases.
Keywords
Acknowledgements
Acknowledgment
We appreciate the comments of Co-Editor Tim Rupert, Avi Arya (William Paterson University), Greg Trompeter (University of Central Florida), AAA 2013 Midwest Meeting participants, and AAA 2013 Northeast Meeting participants, and MBAA International 2015 participants on earlier versions of this chapter.
Citation
Churyk, N.T., Reinstein, A. and Smith, L. (2016), "Retail Leases: A Research Exercise Examining Archived, Current, and Future Standards", Advances in Accounting Education: Teaching and Curriculum Innovations (Advances in Accounting Education, Vol. 19), Emerald Group Publishing Limited, Leeds, pp. 165-193. https://doi.org/10.1108/S1085-462220160000019007
Publisher
:Emerald Group Publishing Limited
Copyright © 2016 Emerald Group Publishing Limited