Lease
- 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…
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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…
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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…
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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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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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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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