(Difference between pages)
imported>Administrator |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| An operating lease involves the lessee (user) paying rentals for the hire of an asset for a period of time which is normally substantially less than the asset’s full useful life.
| | Reuters is a major global provider of financial and other information. |
|
| |
| The owner (lessor) retains the significant risks and rewards of ownership - usually including the responsibility for maintenance, insurance and the like, and enjoyment of a significant residual value of the asset at the end of the lease term.
| |
|
| |
|
| Under IAS 17 and SSAP 21, operating leases are accounted for 'off balance sheet' by the user of the asset.
| |
| This means that the obligations/liabilities to pay future lease instalments are only disclosed in the notes to the financial statements, not on the face of the balance sheet.
| |
|
| |
|
| == See also == | | == See also == |
| * [[ED 2010/9]] | | * [[Bloomberg]] |
| * [[Finance lease]]
| |
| * [[IAS 17]]
| |
| * [[Lease]]
| |
| * [[SSAP 21]]
| |
|
| |
|
| |
|
| | [[Category:Knowledge_and_information_management]] |
| | [[Category:The_business_context]] |
Revision as of 08:37, 11 April 2018
Reuters is a major global provider of financial and other information.
See also
