Examlex
Software engineer, which is a job title in the system development and programming area of an IT department, specifies, designs, implements, tests, and documents high-quality software in all of the following fields EXCEPT ____.
GAAP
Generally Accepted Accounting Principles; a framework of accounting standards, principles, and procedures.
Lease Capitalization
The process of recording a lease as an asset and a corresponding liability on the balance sheet, reflecting the assets' use and obligation to make lease payments.
Bargain Purchase Option
An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value.
Capital Lease
A lease agreement that is classified as a purchase by the lessee for accounting purposes because it meets certain criteria, such as transfer of ownership by the end of the lease term.
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