IAS 17

2 Posts
1 Sections
1 Types

August 31, 2024 4 min read Definitions

Finance Lease: Understanding the Transfer of Ownership Risks and Rewards

Finance Accounting Finance Lease Accounting Leasing IAS 17 Financial Reporting

A comprehensive exploration of finance leases, where the risks and rewards of ownership are transferred to the lessee, essentially treating it as ownership in accounting.

August 31, 2024 4 min read Definitions

Lease: A Contractual Agreement for Asset Use

Economics Finance Real Estate Business Lease Lessor Lessee Asset Finance Lease Operating Lease IAS 17

A lease is a contract between the owner of a specific asset, the lessor, and another party, the lessee, allowing the latter to hire the asset. This article covers the historical context, types, key events, mathematical models, diagrams, and much more about leases.