The need to account for lease transactions in a useful way proves that the principle of substance

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The need to account for lease transactions in a useful way proves that the principle of substance over form is essential. Discuss.

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International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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Question Posted: Apr 12, 2016 06:56 AM

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The need to account for lease transactions in a useful way proves that the principle of substance

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This is probably an overstatement the word useful in the proposition If sub...View the full answer

International Financial Reporting and Analysis

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