Digital Dollar Project and Finance lease: Difference between pages

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(Create page - source - DDP - https://digitaldollarproject.org/)
 
imported>Doug Williamson
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''Central bank digital currencies (CBDC) - United States - US dollar.''
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.


(DDP).
Accounting standards require finance leases to be accounted for 'on balance sheet' by the user of the asset.


The purpose of the Digital Dollar Project is to encourage research and public discussion on the potential advantages of a digital US dollar, convene private sector thought leaders and actors, and propose possible models to support the public sector.  
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.
 
 
Relevant accounting standards include [[IAS 17]], Section 20 of [[FRS 102]], and IFRS 16.
 
 
Finance leases are also known as ''capital leases'', especially in the US.




== See also ==
== See also ==
* [[Central bank digital currency]] (CBDC)
* [[Actuarial method]]
* [[Currency]]
* [[Finance charge]]
* [[Digital currency]]
* [[Hire purchase]]
* [[Digital euro]]
* [[IFRS 16]]
* [[e-krona]]
* [[IAS 17]]
* [[e-money]]
* [[FRS 102]]
* [[Money]]
* [[Implied rate of interest]]
* [[Retail central bank digital currency]]
* [[Lease]]
* [[Sand Dollar]]
* [[Off balance sheet finance]]
* [[United States]]
* [[Operating lease]]
* [[Wholesale central bank digital currency]] (wCBDC)
 




==External link==
===Other links===
* [https://digitaldollarproject.org/ Digital Dollar Project - Leading The Discussion On a US Central Bank Digital Currency]
[[Media:SepOct17TTlloyds40-41.pdf| Lease accounting change, The Treasurer 2017]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 12:24, 7 November 2018

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.

Accounting standards require finance leases 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.


Relevant accounting standards include IAS 17, Section 20 of FRS 102, and IFRS 16.


Finance leases are also known as capital leases, especially in the US.


See also


Other links

Lease accounting change, The Treasurer 2017