Trending Leases Discussions

What is your view on IFRS 16 on Leases?‎

A company (the lessor) buys a car and then leases it to one of its customers (lessee). Which of the following is correct?‎

Unless the title eventually transfers to the lessee, the lease should be reported as an operating lease. If the car has a life of ten years and the lease is for eight ye‎ ... See More

If substantial risks and rewards are not transferred to the lessee; then it should be classified as a)Capital Lease b)Finance Lease c)Operating Lease?‎

Good learning and information skills are essential for successful professionals.Find out the skills that will help you do these things?‎

The articles on note-taking give you powerful for recording information, concisely and effectively. The articles on reading help you increase your reading speed and beco‎ ... See More

What is contingent rent?‎

What is the calculation of lease interest on sum of digit method,but with a residual value? ‎

Can you explain why IFRS Leases was introduced?‎

Ms. S sold an asset to Mr. B and take back the asset on operating lease. At the time of sale, the CV of Asset was 10,000 AED, FV was 12,000 AED and Selling Price was 14,000 AED. Annual rentals are 4,000 AED. What is the accounting treatment of above transaction?‎

How lease transactions are recorded using sum of digits basis?‎

What is the treatment of finance lease in accordance with IAS 17 leases?‎