Lease Type B and Possible Duplicate Recognition of Assets Cover Image

Lease Type B and Possible Duplicate Recognition of Assets
Lease Type B and Possible Duplicate Recognition of Assets

Author(s): Hana Bohušová, Alžběta Srnova, Veronika Blašková
Subject(s): Evaluation research, Financial Markets, Accounting - Business Administration
Published by: Masarykova univerzita
Keywords: lease reporting; lessee; right-of-use;
Summary/Abstract: According to the revised draft of financial reporting standard Leases (Re-ED2013), all lease agreements with duration of over 12 months are classified into two groups A and B. The basic criterion for classification is the consumption of significance of proportion of the economic benefits associated with the leased asset. The main problem of this methodology can be considered the possibility of duplicate reporting of assets in both statements of financial position, lessor and lessee. It could lead to an over statement of assets arising from the relevant lease agreement.

  • Page Range: 557-564
  • Page Count: 8
  • Publication Year: 2014
  • Language: English