Baker Tilly Blog

Changes in Lease Accounting

[fa icon="calendar'] 03 February 2017 09:00:00 BNT / by Susan Foong posted in Assurance, Lease Accounting

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Leasing is one way for companies to utilise buildings or equipment without owning them. There are many advantages to a finance or operating lease; among them capital outlay, cash flow, and flexibility. Under the current accounting standard on leases (FRS 17), operating leases are “off-balance sheet” and not reported as liabilities on the balance sheet. 

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