Either one or the other
Series: Estates Gazette ; (0436) 4 September 2004, 117-118(2)Publication details: 2004Subject(s): Summary: New rules may require businesses to differentiate their financial and operating leases. The International Accounting Standards Board's (IASBs) standard IAS17 on leases requiries that lessors and lessees should treat their leases as consisting of the two components: land and building elements. However research by the British Property Federation (BPF) suggests that there may be a workable solution and that a quantitative analysis may be necessary only where there is doubt as to lease classification. Article sets out considered differences between finance and operating leases. Concludes that the IASB has a long-term project to re-examine the treatment of leases and this might abolish the operating/finance lease distinction. The BPF is investigating the implementation of International Accounting Standards. View the BPF initiative at www.bpf.propertymall.com| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS68290 (Browse shelf(Opens below)) | 1 | Available | 127406-1001 |
New rules may require businesses to differentiate their financial and operating leases. The International Accounting Standards Board's (IASBs) standard IAS17 on leases requiries that lessors and lessees should treat their leases as consisting of the two components: land and building elements. However research by the British Property Federation (BPF) suggests that there may be a workable solution and that a quantitative analysis may be necessary only where there is doubt as to lease classification. Article sets out considered differences between finance and operating leases. Concludes that the IASB has a long-term project to re-examine the treatment of leases and this might abolish the operating/finance lease distinction. The BPF is investigating the implementation of International Accounting Standards. View the BPF initiative at www.bpf.propertymall.com