Reprieve for long leases
Series: Estates Gazette ; (0002) 15 January 2000, 22(1)Publication details: 2000Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3603-02 (Browse shelf(Opens below)) | 1 | Available | 103673-1001 |
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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.