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effective way. This tutorial will cover lease accounting, specifically the change that puts operating leases on a company's balance sheets. The main issue is confusion surrounding how lease accounting affects financial statements, models, and valuations. While it can be confusing on a theoretical level or in specific scenarios, it is simpler in real-life situations when dealing with multiple leases. By simplifying treatment and projecting numbers effectively, you can better understand lease accounting in the context of real companies.