Lease Type B and Possible Duplicate Recognition of Assets
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F14%3A00225551" target="_blank" >RIV/62156489:43110/14:00225551 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Lease Type B and Possible Duplicate Recognition of Assets
Original language description
According to the revised draft of financial reporting standard Leases (Re-ED 2013), 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 ofproportion 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 anover statement of assets arising from the relevant lease agreement. Moreover, we cannot exclude other possible asymmetry, e.g. where the lessor classified lease as type B and lessee as type A (or vice versa)., or cases where the lessor and the lessee evaluate the economic benefits of contract termination or extension of the lease agreement in a different way and the balance sheet items on both sides will be calculated from a different lease terms. The aim of this paper is to identify th
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
European Financial Systems 2014
ISBN
978-80-210-7153-7
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
557-564
Publisher name
Masaryk University
Place of publication
Brno
Event location
Lednice
Event date
Jun 12, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
350701500074