n Professional Accountant - Finance lease - treatment of finance costs : IFRS for SMEs

Volume 2012, Issue 3
  • ISSN : 1680-7537


We unpack the recognition of finance leases in the records of the lessee with specific emphasis on the treatment of interest accrued in the financial statements, and seek to address the question of whether the finance costs, in particular the accrued finance costs, at the reporting date should be included as part of the finance lease creditor or as a separate liability (part of accrued expenses).

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