The Disclosure of Long-term Leases in the Financial Statements of Lessees
Title | The Disclosure of Long-term Leases in the Financial Statements of Lessees PDF eBook |
Author | Dick Johnston |
Publisher | |
Pages | 0 |
Release | 1969 |
Genre | Disclosure in accounting |
ISBN |
The problem considered in this thesis is whether or not long term leases should be capitalized for balance sheet disclosure at the discounted value of the future rental payments under the lease. A deductive approach was employed wherein the concepts and definitions of the capitalization method were discussed. It was gen erally concluded that all long-term, noncancellable leases should be shown in this manner, since the lessee receives the potential services embodied in the asset while incurring a definite obligation to pay for this right, in the same manner as any other financing arrangement. The empirical evidence, as provided by two mail questionnaires, did not support the complete capitalization of all long-term, noncan cellable leases, but did indicate that capitalization would be an acceptable method of disclosing those leases which were in substance purchases of the property. As well, a more complete and consistent application of the disclosure criteria for long-term lease footnotes was requested by the respondents. The principal recommendation of the study is that those leases which provide, in effect, for the installment purchase of the property should be capitalized at present value of the future lease payments, and disclosed among the fixed assets of the entity. The obligation under the lease should also be disclosed as a long-term liability, together with proper details explaining the nature of the arrangement.
FRS 102
Title | FRS 102 PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 2015 |
Genre | |
ISBN | 9780754553625 |
Accounting Theory
Title | Accounting Theory PDF eBook |
Author | Harry I. Wolk |
Publisher | SAGE |
Pages | 697 |
Release | 2008 |
Genre | Business & Economics |
ISBN | 1412953456 |
Presents complex materials in a clear and understandable manner. Incorporating the latest accounting standards and presenting the most up-to-date accounting theory from the top academic journals in accounting and finance throughout the world.
The History of Accounting (RLE Accounting)
Title | The History of Accounting (RLE Accounting) PDF eBook |
Author | Michael Chatfield |
Publisher | Routledge |
Pages | 678 |
Release | 2014-02-05 |
Genre | Business & Economics |
ISBN | 1134675453 |
Global in scope, accounting has had its share of great thinkers and practitioners, from Luca Pacioloi, the father of accounting, to R. J. Chambers, W. W. Cooper, Yuji Ijiri, Stephen A. Zeff and other figures. This encyclopedia presents more than 400 entries that focus on such subjects as publications in the field, institutional bodies, accounting and economic concepts, accounting issues, authors in accounting, records, leaders in the profession, accounting in various countries, financial court cases, accounting exams and historical researchers.
Interim Financial Reporting
Title | Interim Financial Reporting PDF eBook |
Author | International Accounting Standards Committee |
Publisher | |
Pages | 46 |
Release | 1997 |
Genre | Accounting |
ISBN |
APB Accounting Principles, as of September 1, 1970: Original pronouncements
Title | APB Accounting Principles, as of September 1, 1970: Original pronouncements PDF eBook |
Author | American Institute of Certified Public Accountants |
Publisher | |
Pages | 380 |
Release | 1970 |
Genre | Accounting |
ISBN |
Restatement and Revision of Accounting Research Bulletins
Title | Restatement and Revision of Accounting Research Bulletins PDF eBook |
Author | American Institute of Accountants. Committee on Auditing Procedure |
Publisher | |
Pages | 168 |
Release | 1953 |
Genre | Accounting |
ISBN |