按照GAAP,如果租赁期限(lease )等于租赁财产经济寿命(economic life of the lease property)的75%,则租赁将作为资本租赁(capital lease)入账;但如果等于74%,则会作为经营租赁(operating lease)入账。 IFRS则采取不同的做法(approach)。它把资本租赁(capital lease)和经营租赁
从2009年7月1日开始,FASB颁布的Accounting Standards Codification (简称“ASC”) 成为US GAAP官方唯一指定认证的准则。 在此之前,FASB及各类相关机构,围绕GAAP发布过各种各样的准则、规定,文件多如牛毛,请参见以下发布机构(数字)和发布的文件名统称(每个统称下有无数不同的规定)。 1. Financial Accounting Standards...
For new US businesses, mastering GAAP lease accounting may not seem as exciting as launching a new product or securing your first big client. Yet it’s integral to painting an honest financial picture, securing trust from stakeholders, and preparing for future expansion. Recognizing the impact of...
IFRS includes the distinct category of investment property, which is defined as property held for rental income or capital appreciation. Investment property is initially measured at cost, and can be subsequently revalued to market value. GAAP has no such separate category. #10: Lease Accounting Whi...
UGAAP lease accounting software is an end-to-end ASC 842 and IFRS 16 solution. It automates lease record to lease accounting to disclosure processes. It deals with complex issues such as lease reassessment / modification, multi-currency, and transition f
Compare and contrast the way leases are classified between operating and capital leases under GAAP and IFRS. Capital Lease Accounting: Accounting for leases differs under GAAP and IFRS. Under GAAP, a possibility exists for the lease to be accounted for as...
GAAP and IFRS Convergence: The Effect On Lease AccountingEllen E. Bailey
US GAAP and IFRS are the two accounting standards used by public companies, but there are financial reporting differences to be aware of.
27. Lease: Both under US and Indian GAAP leases are classified as capital and operating leases as per certain criteria. Capital leases are included under property, plant and equipment of the lessor. Lease rentals on operating leases are expensed as incurred. Quantitative thresholds have been defin...
IFRS basically between manufacturer or dealer lessors and other lessors – the difference is the accounting for selling profit. However, mechanics of accounting for finance part is the same (net investment in the lease, allocation, please see more here). ...