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what are the correct treatment of lease in accordance with the revised IAS

IAS 17

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Question added by Farhad Ali , Accountant , AL Aaly holding
Date Posted: 2013/05/20
Farhad Ali
by Farhad Ali , Accountant , AL Aaly holding

the treatment of lease depend upon the nature of the lease that weather it,s Finance lease or operating lease.............

Aeisha Abdul Kader
by Aeisha Abdul Kader , Accountant / Professional Assistant , VM Apparel CC

This will depend on whether it is a Finance lease or operating lease. Operating leases are generally recorded as an expense for the duration of the lease. A finance lease is partly capitalised and partly expensed, at discounted rates.

Berhan Sisay
by Berhan Sisay , Senior Project Manager , Bamacon Engineering plc

the treatment of lease depend upon the nature of the lease that either financial lease, facility lease ,equipment lease ... and it will be treated according to the lease agreement based on the type of lease and treated up on the rules and regulation

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