You are the Finance Director of a medium-sized manufacturing company. The Managing Director has taken a recent

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You are the Finance Director of a medium-sized manufacturing company. The Managing Director has taken a recent interest in the financial statements of the company and requests information regarding the treatment of leases.

Requirement Write an explanatory memorandum which should set out:

(a) The definition of finance and operating leases;

(b) The treatment of both types of leases in the books of the lessee;

(c) The disclosure requirements attaching to both operating and finance leases in the company accounts.

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International Financial Accounting And Reporting

ISBN: 9780903854726

2nd Edition

Authors: Ciaran Connolly

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Question Posted: May 29, 2024 01:01 AM

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You are the Finance Director of a medium-sized manufacturing company. The Managing Director has taken a recent

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International Financial Accounting And Reporting

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