Tax & Accounting for Leases – London – 7 April 2012

Tax & Accounting for Leases 7th April 2012 – London, UK 10% discount available! Register Today – Quote VIP Code FKW52345ILL The IASB aims to publish the Leases re-exposure document in Q2 2012 – don’t miss the opportunity to hear...

By |March 26th, 2012|DOCUMENTS, EVENTS, UK|Comments Off on Tax & Accounting for Leases – London – 7 April 2012

IAS17 – Leases

List of useful info, resources and documents available on other websites about IAS 17 – Leases. Summary of IAS 17 – IASPlus Full Text of the IAS 17 as at 31 December 2010 provided by IASB (You need to register) Other useful resources … Con...

By |December 17th, 2011|DOCUMENTS, IAS 17|Comments Off on IAS17 – Leases

Project cost – Leased land

Dear all, This is my first participation in this forum. i have a question regarding the land as an operating lease. We have a leased land used for a project. Currently the lease rent is being capitalised as land costs- Property Under Development, on the basis that this costs incurred to bring the assets into [...]

By |April 2nd, 2010|OTHER IFRS|2 Comments

Leasing – How to

Hi all, Any idea on this please... a lease to own vehicle for two years. but a bank will finance the monthly lease fee. how should this be treated and booked? thanks! Brenda

By |October 3rd, 2009|OTHER IFRS|1 Comment

IAS 17 – Leases

Dear Experts, Could you please give your feedback on IAS-17 A company owns buildings under PPE and renting our applies IAS -17. Whether car park leasing will also to be accounted as per IAS-17 or as other income. If yes, then what if there are more than 1000 tenants with an amount of 1000 p.a. [...]

By |May 26th, 2009|OTHER IFRS|0 Comments

Capitalization of repairment expenses

Dear All, The company use a buillding under operation lease, company just pay lease payments to the owner of the building and there is no intention in the future to get any legal rights on this building. The repairement of the building was performed by the lessee company. According to IFRC, can the repairment expenses [...]

By |February 22nd, 2009|OTHER IFRS|6 Comments

Discount/ Concession amortization

Dear Experts, Please give your export opinion on the following query: The Company issues lease agreement for 12 months for rent of 120000 from 1 Jan 2008 to 31 Dec 2008. The Company gives concession for 2 months from 1 Jan 2008 to 28 Feb 2008 for 20000 i.e. a customer has to pay 100,000. [...]

By |December 15th, 2008|IFRS|0 Comments

Cash Backed Lease

Dear All,   Recently my company has entered into a lease agreement with a leasing company. This lease is for 18 months and we have to pay 18 equal installments and an interest @ 16%. However, we will give to them a loan/security deposit of equivalent principal amount and they will give it back to us also in 18 equal installments @ 15%. Now my question is what do we call the deposit that we are making. It is certainly not cash as we have no accounts with the leasing company and the amount is no readily convertible/useable. We are getting interest @ 15%, so it is not an advance or prepayment or security deposit. Therefore, can you please help? […]

By |August 28th, 2008|OTHER IFRS|0 Comments

Interest income recognition usingeffective rate

If an institution is recognizing income by using flat rate method, but IFRS requires to recognize by using effective rate method. My questions are: a) policy remains but financial statements it should be based on effective rate. Is it? b) How to convert portfolio by using effective rate.?     asim I don't think so, [...]

By |August 28th, 2008|IFRS|0 Comments