IAS 17
- Accounting
New Requirements For Reporting Under IFRS 7
A growing scope of design often has a downside also. With leasing, Mezzanine and Co. offer a variety of sources…
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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…
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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…
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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…
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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…
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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…
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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…
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What is a Lease? | What is a Lease Agreement?
What is a Lease? Does every service contract constitute a lease agreement? International Accounting Standards (IAS) 17 answered to these…
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How To Calculate Minimum Lease Payments | Substance Over Form
Substance over form rule:The IFRS Conceptual Framework in paragraph 35 states that ‘if information is to represent faithfully the transactions…
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