ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS
Companies are not always able to purchase fixed assets required to start, expand or modernize their own operations, and also do not have adequate resources that could offer as security for bank loans. Leasing is the answer to such problems, as it provides the possibility of leasing recipient to obt...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, University of Tuzla
2011-11-01
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| Series: | Economic Review |
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| Online Access: | http://er.ef.untz.ba/index.php/er/article/view/185 |
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| author | Selma Novalija Hamid Mutapčić Elmira Kovač |
| author_facet | Selma Novalija Hamid Mutapčić Elmira Kovač |
| author_sort | Selma Novalija |
| collection | DOAJ |
| description |
Companies are not always able to purchase fixed assets required to start, expand or modernize their own operations, and also do not have adequate resources that could offer as security for bank loans. Leasing is the answer to such problems, as it provides the possibility of leasing recipient to obtain the necessary equipment. Company pays lease fees from the profits generated from leasing subject use. Leasing, as a contemporary form of funding from year to year, plays a more prominent place in the international business world, making it necessary to devote special attention to the legislation and accounting coverage of business changes, which occur while taking and giving funds to leasing. The importance of these issues in accounting, or financial reporting is confirmed by the fact that International Accounting Standard (IAS) 17 Leases is dedicated to this aspect.
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| format | Article |
| id | doaj-art-eb7f368f5fc74affb2f3c7c20e037914 |
| institution | Kabale University |
| issn | 1512-8962 2303-680X |
| language | English |
| publishDate | 2011-11-01 |
| publisher | Faculty of Economics, University of Tuzla |
| record_format | Article |
| series | Economic Review |
| spelling | doaj-art-eb7f368f5fc74affb2f3c7c20e0379142025-02-10T00:31:30ZengFaculty of Economics, University of TuzlaEconomic Review1512-89622303-680X2011-11-0192ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTSSelma Novalija0Hamid Mutapčić1Elmira Kovač2Faculty of Economics, University of TuzlaFaculty of Law, University of TuzlaSecondary Technical School "Kemal Kapetanovi© ", Kakanj Companies are not always able to purchase fixed assets required to start, expand or modernize their own operations, and also do not have adequate resources that could offer as security for bank loans. Leasing is the answer to such problems, as it provides the possibility of leasing recipient to obtain the necessary equipment. Company pays lease fees from the profits generated from leasing subject use. Leasing, as a contemporary form of funding from year to year, plays a more prominent place in the international business world, making it necessary to devote special attention to the legislation and accounting coverage of business changes, which occur while taking and giving funds to leasing. The importance of these issues in accounting, or financial reporting is confirmed by the fact that International Accounting Standard (IAS) 17 Leases is dedicated to this aspect. http://er.ef.untz.ba/index.php/er/article/view/185accounting for leases with the lessor and lesseefinancial and operating leasingIAS 17-Leases |
| spellingShingle | Selma Novalija Hamid Mutapčić Elmira Kovač ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS Economic Review accounting for leases with the lessor and lessee financial and operating leasing IAS 17-Leases |
| title | ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS |
| title_full | ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS |
| title_fullStr | ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS |
| title_full_unstemmed | ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS |
| title_short | ACCOUNTING TREATMENT AND LEGISLATION OF LEASING ARRANGEMENTS |
| title_sort | accounting treatment and legislation of leasing arrangements |
| topic | accounting for leases with the lessor and lessee financial and operating leasing IAS 17-Leases |
| url | http://er.ef.untz.ba/index.php/er/article/view/185 |
| work_keys_str_mv | AT selmanovalija accountingtreatmentandlegislationofleasingarrangements AT hamidmutapcic accountingtreatmentandlegislationofleasingarrangements AT elmirakovac accountingtreatmentandlegislationofleasingarrangements |