#1
April 10th, 2017, 01:04 PM
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Ias 17 ias
Hii sir, I Wants to get the Information About the International Accounting Standard 17 Leases will you Please Provide It ?
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#2
April 10th, 2017, 01:28 PM
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Re: Ias 17 ias
As you Asking for the Information About the International Accounting Standard 17 Leases the Information is given below Objective : The objective of this Standard is to prescribe, for lessees and lessors, the appropriate accounting policies and disclosure to apply in relation to leases. Scope : This Standard shall be applied in accounting for all leases other than: (a) leases to explore for or use minerals, oil, natural gas and similar non-regenerative resources; and (b) licensing agreements for such items as motion picture films, video recordings, plays, manuscripts, patents and copyrights. However, this Standard shall not be applied as the basis of measurement for: (a) property held by lessees that is accounted for as investment property (see IAS 40 Investment Property); (b) investment property provided by lessors under operating leases (see IAS 40); (c) biological assets held by lessees under finance leases (see IAS 41 Agriculture); or (d) biological assets provided by lessors under operating leases (see IAS 41). Lease The lease termis the non-cancellable period for which the lessee has contracted to lease the asset together with any further terms for which the lessee has the option to continue to lease the asset, with or without further payment, when at the inception of the lease it is reasonably certain that the lessee will exercise the option. Minimum lease paymentsare the payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for servicesand taxes to be paid by and reimbursed to the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee. International Accounting Standard 17 Leases For more Details you may Consider the below Attachement that is Free to Download |
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