Converting Operating Lease Expenses

Description
Operating lease expenses are really financial expenses, and should be treated as such. Accounting standards allow them to be treated as operating expenses. This program will convert commitments to make operating leases into debt and adjust the operating income accordingly, by adding back the imputed interest expense on this debt.

Note: this model is being shared with the authorization of Professor Aswath Damodaran from NYU Stern Business School (www.damodaran.com)