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Essay

Accounting For Leases

Essay specific features

 

Issue:

Business

 

Written by:

Steven O

 

Date added:

October 7, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 477

 

Was viewed:

10050 times

 

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Essay content:

As a result companies are portraying their leases as operating, for which they are not required to disclose to the balance sheet. The main deficiency of these standards is that they do not provide for the recognition in lessee’s balance sheets of material assets and liabilities arising from operating leases...
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The main deficiency of these standards is that they do not provide for the recognition in lessee’s balance sheets of material assets and liabilities arising from operating leases. Hence, NZ IAS 17 does not faithfully reflect lease arrangements, as to be reliable “information must represent faithfully the transactions and other events it either purports to represent or could reasonably be expected to represent”...
displayed 300 characters

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