European Union and Finance lease: Difference between pages

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(EU).  
A finance lease usually involves the lessee (user of the asset) paying - over the life of the lease - the full cost of the asset plus a return on the finance effectively provided by the lessor.
 
The lessee-user effectively retains substantially all the risks and rewards of ownership.
However, the lessee does not obtain legal title to the leased asset.


An economic and political union currently consisting of 28 European member states.
Under IAS 17 and SSAP 21, finance leases have to be accounted for 'on balance sheet' by the user of the asset.
This means that the liability to pay (the capital element of) the future lease instalments is recognised and disclosed on the face of the balance sheet.


The current members are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia,  Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom (UK).
Also known as a ''capital lease'', especially in the US.




====Brexit====
== See also ==
A referendum in the UK in June 2016 resulted in a vote for the UK to begin the process of leaving the EU.
* [[Actuarial method]]
 
* [[ED 2010/9]]
 
* [[Finance charge]]
====Areas of work====
* [[Hire purchase]]
The three areas which form the union are:
* [[IAS 17]]
 
* [[Implied rate of interest]]
*The European Community
* [[Lease]]
*Common Foreign and Security Policy
* [[Off-balance sheet finance]]
*Police and Judicial co-operation in Criminal Matters
* [[Operating lease]]
 
* [[SSAP 21]]
 
====EU law====
The legislature of the EU includes the European Parliament, the Council of the European Union and the European Commission. 
 
The EU's judicial bodies are the European Court of Justice which includes the General Court and the Court of Auditors.




== See also ==
==Other links==
* [[Brexit]]
[http://www.treasurers.org/node/8924 Students: A Lesson on leases, The Treasurer, April 2013]
* [[BUL]]
* [[CEBR]]
* [[Direct effect]]
* [[Directive]]
* [[Economic and Financial Affairs Council]]
* [[EMIR]]
* [[euro zone]]
* [[European Commission]]
* [[European Community ]]
* [[European Council]]
* [[European Economic and Monetary Union]]
* [[European Economic Area]]
* [[European Investment Bank]]
* [[European Parliament]]
* [[NATO]]
* [[Official Journal of the European Union]]
* [[Regulation]]
* [[Schengen Area]]
__NOTOC__

Revision as of 06:50, 4 October 2013

A finance lease usually involves the lessee (user of the asset) paying - over the life of the lease - the full cost of the asset plus a return on the finance effectively provided by the lessor.

The lessee-user effectively retains substantially all the risks and rewards of ownership. However, the lessee does not obtain legal title to the leased asset.

Under IAS 17 and SSAP 21, finance leases have to be accounted for 'on balance sheet' by the user of the asset. This means that the liability to pay (the capital element of) the future lease instalments is recognised and disclosed on the face of the balance sheet.

Also known as a capital lease, especially in the US.


See also


Other links

Students: A Lesson on leases, The Treasurer, April 2013

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