Accounting for Leases
- Accounting
Top 7 Famous Celebrity Accountants in the World
History tells that the first real book on accounting concepts came from Luca Pacioli, a Franciscan scholar from the Columbus…
Read More » - Accounting
The Reasons Why IAS 17 Lease Was Replaced By IFRS 16
Accounting for leases by most countries is very comparable, in that most countries require the application of principles similar to…
Read More » - Accounting
Gain Or Loss On A Sale And Leaseback Transaction
The accounting treatment prescribed by IAS 17Â relating to any gain or loss on the sale of an asset in…
Read More » - Accounting
Accounting For Sale And Leaseback Transactions
Accounting For Sale And Leaseback Transactions : A ‘sale and leaseback’ is a lease transaction that creates an accounting problem…
Read More » - Accounting
Where The Application of IAS 17 Is Out of Scope
Operating leases and Capital leases for under the scope of IAS 17. But all leases are not regulated by IAS…
Read More » - Accounting
Does Lessee Acquire The Leased Asset For Good?
Under a lease agreement the lessee does not acquires the asset itself but the right to use the asset for…
Read More » - Accounting
Finance Leases May Have Adverse Impacts On Lessee’s Financial Statements
The classification of lease arrangements as either finance leases or operating leases determines the accounting treatment of transactions associated with…
Read More » - Accounting
Accounting For Initial Direct Costs (IDC) in Leases
Accounting For Initial Direct Costs (IDC) in Leases : Initial direct costs (IDC) are incremental costs that are directly attributable…
Read More » - Business
IFRS 16 will Replace IAS 17 Leases – What are the Changes?
The introduction of IFRS 16 “Leases” will profoundly change the lease accounting rules with a potentially significant impact on the…
Read More » - Accounting
Accounting for Lease Incentives As Per IAS 17
Accounting for lease incentives: In order to encourage prospective lessees to enter into non-cancellable operating leases, the lessors sometimes propose…
Read More »
