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Home > Business and Economics Books > Finance and accounting > Accounting > Operating Lease
Operating Lease

Operating Lease


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. An operating lease is a lease whose term is short compared to the useful life of the asset or piece of equipment (an airliner, a ship, etc.) being leased. An operating lease is commonly used to acquire equipment on a relatively short-term basis. Thus, for example, an aircraft which has an economic life of 25 years may be leased to an airline for 5 years on an operating lease. The determination of whether a lease is a finance (also called capital) lease or an operating lease is defined in the United States by Statement of Financial Accounting Standards No. 13 (FAS 13). In countries covered by International Financial Reporting Standards, the tests are defined in IAS 17. In July 2006, the FASB and the International Accounting Standards Board (IASB) announced the commencement of a joint project to comprehensively reconsider lease accounting.


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Product Details
  • ISBN-13: 9786135308181
  • Publisher: Betascript Publishing
  • Publisher Imprint: Betascript Publishing
  • Height: 152 mm
  • Weight: 190 gr
  • ISBN-10: 6135308181
  • Publisher Date: 15 Apr 2011
  • Binding: Paperback
  • Spine Width: 5 mm
  • Width: 229 mm


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