Post by account_disabled on Dec 24, 2023 14:18:27 GMT 8
Athe useful economic life of the subject matter of the leasing agreement. Finance leasing often has a trilateral dimension in which the lessor normally a credit institution or a specialised leasing company plays only a financing role and the subject matter of the leasing agreement is supplied to the lessee directly by the supplier. In some legal systems finance leasing alone is regarded as genuine leasing. . The above decisions of the Court do not however in my view mean that every leasing agreement which pursuant to.
AS may be classified as a finance lease should be treated as a supply of goods on Country Email List the basis of Article b. . The purpose of international accounting standards is to harmonise accounting entries so as to enable them to reflect to the greatest possible extent the economic and financial reality of a business even if this does not correspond to the formal legal situation. In the case of a finance lease its subject is therefore included in the assets of the not acquire the title to the asset. This is referred to directly in paragraph of IAS . Pursuant to paragraph of IAS a lease is to be classified as a finance lease if it transfers.
To the lessee substantially all the risks and rewards incidental to ownership. These are in the present context economic concepts which refer to potential gains and losses for business purposes resulting from the use of the subject matter of the leasing agreement. . Furthermore an accounting entry of a specific transaction is based on inter alia the knowledge that the business has of the true economic nature of the transaction and its intended effect. For this reason even paragraph of IAS acknowledges that the application of these.
AS may be classified as a finance lease should be treated as a supply of goods on Country Email List the basis of Article b. . The purpose of international accounting standards is to harmonise accounting entries so as to enable them to reflect to the greatest possible extent the economic and financial reality of a business even if this does not correspond to the formal legal situation. In the case of a finance lease its subject is therefore included in the assets of the not acquire the title to the asset. This is referred to directly in paragraph of IAS . Pursuant to paragraph of IAS a lease is to be classified as a finance lease if it transfers.
To the lessee substantially all the risks and rewards incidental to ownership. These are in the present context economic concepts which refer to potential gains and losses for business purposes resulting from the use of the subject matter of the leasing agreement. . Furthermore an accounting entry of a specific transaction is based on inter alia the knowledge that the business has of the true economic nature of the transaction and its intended effect. For this reason even paragraph of IAS acknowledges that the application of these.