Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Statement of cash flows in Lease Business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Yakub02, post: 310591, member: 94426"] Statement of cash flows Cash payments for the principal portion of the lease liability must be classified within financing activities. Cash payments for the interest portion of the lease liability are classified by applying the requirements in IAS 7: Statement of Cash Flows for interest paid. Short-term lease payments, payments for leases of low-value assets and variable lease payments not included in the measurement of the lease liability are classified within operating activities. Disclosure Information is provided that, together with the information provided in main financial statements gives users a basis to assess the effect that leases have on the financial position, financial performance and cash flows of the lessee. Information is disclosed in a single note (or separate section of the financial statements). However, information already presented elsewhere in the financial statements, does not need to be duplicated as long as the information is incorporated by cross-reference in the single note or separate section about leases. The following must be disclosed: depreciation charge for right-of-use assets by class of underlying asset; interest expense on lease liabilities; expense relating to: short-term leases accounted for by applying the recognition exemption (but not that relating to leases with a lease term of one month or less); leases of low-value assets accounted for by applying the recognition exemption (but not that relating to short-term leases of low-value assets. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Statement of cash flows in Lease Business
Top