Reprieve for long leases
Reprieve for long leases
- 2000
- Estates Gazette (0002) 15 January 2000, 22(1) .
Occupiers worried by the Accounting Standard Board's changes to accounting rules, which require companies to treat leases as debts, could have found a loophole in the system. Executory contracts are omitted from the requirements, and so signing a service contract instead of a lease means that it does not appear on the balance sheet.
ACCOUNTING STANDARDS BOARD
ACCOUNTING STANDARDS
LEASES
SERVICE CONTRACTS
BALANCE SHEETS
COMMERCIAL LEASES
Occupiers worried by the Accounting Standard Board's changes to accounting rules, which require companies to treat leases as debts, could have found a loophole in the system. Executory contracts are omitted from the requirements, and so signing a service contract instead of a lease means that it does not appear on the balance sheet.
ACCOUNTING STANDARDS BOARD
ACCOUNTING STANDARDS
LEASES
SERVICE CONTRACTS
BALANCE SHEETS
COMMERCIAL LEASES