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Category: Lease Accounting

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IFRS 16 right of use asset calculation
Lease Accounting

What is the Difference Between an Operating Lease and a Finance Lease

The main difference between an operating lease and a finance lease is the nature of the ownership of the underlying asset. Generally, an operating lease would be classed more

a journal entry for accruals
accounting / Lease Accounting

Disclosing Operating Leases with Break Clauses (FRS102)

Under FRS102, the disclosure requirements state that the disclosure must

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