TAILIEUCHUNG - Ebook Financial accounting and reporting (12/E): Part 2

(BQ) Part 2 book “Financial accounting and reporting” has contents: Construction contracts, accounting for groups at date of acquisition, accounting for associated companies, earnings per share, cash flow statements, trend analysis and multivariate analysis, corporate governance, and other contents. | Introduction This chapter introduces the accounting principles and policies that appl\ to lease agreements primarily from the viewpoint of the lessee. We are interested in developing a wider understanding of leasing and leasing-related issues, so that you can understand how thc\ should be represented in the financial statements and why a compan) might Favour a particular type of lease agreement. In this chapter we consider the following: • Leasing - an introduction • IAS 1 7 - the coniro\crs\ • IAS 17 -classification of a lease • IAS 17-accounting for leases b\ lessees • Accounting for the lease of land and buildings • Leasing - a form of off balance sheet financing • Accounting for leases - a new approach • Accounting for leases by lessors We must understand not only w hat a lease is and the mechanical adjustments required to account for any gi\en leasing agreement in the financial statements, but also the economic consequences of the accounting treatment that is applied and the impact of these economic consequences on companx behaviour. Background to leasing In this section we consider the nature of the lease; historical developments in leasing; reasons for its popularity; and why it was necessan to introduce IAS 17. W h a t is a lease? IAS 17 Liases provides the following definition: A /ease is an agreement wherein the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. In practice, there might well be more than two parties involved in a lease. For example, on leasing a car the parties involved arc the motor dealer, the finance company and the compan\ using the car. 434 • Balance sheet - equity, liability and asset measurement and disclosure Sonic leases will give the lessee the option to purchase the asset at the end of the lease term, or may require the lessee to purchase the asset at the end of the lease term. In some countries an agreement where legal title .

• Kế toán - Kiểm toán
• Financial accounting
• Corporate governance
• Multivariate analysis
• Construction contracts
• Associated companies
• Ethics for accountants
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Lecture Financial accounting
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet