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  2. Accounting for leases in the United States - Wikipedia

    en.wikipedia.org/wiki/Accounting_for_leases_in...

    A rental agreement is a lease in which the asset is tangible property. [5] As there are many ways to view how these contracts affect the balance sheets of both the lessee and lessor, FASB created a standard for US accountants and businesses.

  3. IFRS 16 - Wikipedia

    en.wikipedia.org/wiki/IFRS_16

    IFRS 16 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases. IFRS 16 was issued in January 2016 and is effective for most companies that report under IFRS since 1 January 2019. [ 1] Upon becoming effective, it replaced the earlier ...

  4. IAS 16 - Wikipedia

    en.wikipedia.org/wiki/IAS_16

    e. International Accounting Standard 16 Property, Plant and Equipment or IAS 16 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB). It concerns accounting for property, plant and equipment (known more generally as fixed assets ), including recognition, determination of their carrying ...

  5. How to Find Balance in a Rental Budget - AOL

    www.aol.com/2014/04/04/how-to-find-balance-in-a...

    Shutterstock By Jennifer Riner When searching for a place to rent, planning your monthly budget can be challenging. On one hand, you feel obligated to save for a future down payment and mortgage.

  6. Finance lease - Wikipedia

    en.wikipedia.org/wiki/Finance_lease

    A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset but also some share of the economic risks and returns from the change in the valuation of the ...

  7. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    A chart of accounts ( COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...

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