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Posted: September 21st, 2021
Accounting Standard for Lease Assignment | Homework For You
- In the former accounting standard for lease (AASB 117) both operating lease and finance lease were allowed, why did companies have a tendency to classify most of the lease contract as operating lease? How does positive accounting theory relate to this behavior of managers?
- According to the IASB, the implementation of AASB 16 is expected to improve comparability between companies that lease assets and companies that borrow to buy assets. Explain this view of the IASB with suitable example. Accounting homework help
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