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operating lease retreated as finance lease

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › operating lease retreated as finance lease

  • This topic has 2 replies, 2 voices, and was last updated 13 years ago by colinefc.
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  • June 12, 2011 at 4:50 pm #49116
    colinefc
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    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?

    June 13, 2011 at 1:48 am #84630
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 2
    • ☆

    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…

    June 13, 2011 at 12:53 pm #84631
    colinefc
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    Thanks very much for your response harryang! ill take note and hopefully get it right! good luck!

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