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leasing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › leasing

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarP2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 2, 2019 at 2:00 pm #521653
    Avatardevoz
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hello!
    I have a question regarding the leasing topic, more specifically- commission income.

    From the perspective of the lessor, when the company charges the commission (for example: 1% of the equipment cost for helping with documentation or performing all the required procedures with the client) how is this income recognized? Is the whole commission income amount recognized when the service is performed or recognized throughout the leasing period?

    There is not much information about leasing from the lessor perspective and i couldn’t find any information in IFRS. I know this will not be on the exam, i am just curious

    July 4, 2019 at 9:42 pm #521894
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    If it is not on the exam, then you don’t need to worry about it.

    Thanks

  • Author
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