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Hello, I am aware that the IAS/FRS on leases has been superceded and this is reflected in F7. Will this reflect in Financial management?
Only in the sense that you will not be asked in written questions to differentiate between operating and finance leases.
The arithmetic remains as is explained in my free lectures, which are, of course, already updated for the current position. FM is concerned with the cash flow effects – the accounting presentation is of no relevance to FM.
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