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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › operating lease retreated as finance lease
it says in the “tips” that part of q2 could be a operating lease to be re treated as a finance lease. how do you do this? would they give you new finance lease terms?
yup, there will give you finance leases term, just reversal it… treat it as finance leases by adding finance leases obligation, take it out from income stt…
Thanks very much for your response harryang! ill take note and hopefully get it right! good luck!