FINANCIAL LEASING

Publication date: 2013-05-28 14:35:53

Leasing contracts should be recognised in the books not only on the formal basis but mainly based on their nature and content (so called substance).

In the case of financial leasing, when it is started the lessee, just like the lessee purchase the fixed asset with a bank loan, should recognise in the balance sheet the leased asset as a fixed asset and as a liability on the other side.

See our online training on that subject at the following link.

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For example: valuation of financial instruments, market valuation of certain assets, corporation income tax, deferred taxes, cash flow statement, finance lease accounting and establishes provisions for liabilities (including provision for retirement bonus) or provisions on assets inventories, accounts receivable, and fixed assets.

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FINANCIAL LEASING

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