Blog para comentarios sobre educación continua para estudiantes y profesionales de la Contaduría Pública
http://grupodeinvestigacioncontable.wikispaces.com 2017 By Javier E. Miranda R., CPA, CGF, MADE, MTE.
wrote you that many companies got the lease accounting wrong. As a
result, they end up being involved in off-balance sheet financing, which
really bad for their business reputation.
sheet financing is simply some asset or debt financing NOT SHOWN in the company's balance sheet. Leases are a very perfect example.
the contract may say that a company leases an asset from another
company, in fact, the contract’s conditions may be very similar to
17 Leases requires you to record such a transaction not in
accordance with the strict legal form (legally, the owner of an asset
lessor), but in line with the “substance over form” principle.
to do it? Well, enjoy lesson
#1 here and learn how to apply lease accounting step by step!
me ask you a question: Do you hold some assets in your account? Sure, almost every company has some assets.
some of your assets overstated? Does your balance sheet show them in the realistic carrying amount or not?
should we do when some of our assets are damaged, obsolete or impaired?
find out in the lesson #2 that you’ll receive in the next e-mail!