11
Valuation of Assets under Finance lease and Intangible Assets, Amortization and Asset Impairment
The contemporary issues relating to fixed assetsâfinance lease, intangibles, their amortisation and asset impairmentâare providing a face-lift to the financial statements. The emphasis is on substance over form, prudence, ensuring the sanctity of the financial statements and quality of earnings.
This chapter seeks to enable you to develop knowledge and understanding of:
- Meaning of lease and finance lease.
- Principles and norms of standard accounting treatment of assets held under finance lease and disclosure requirements ...
Get Financial Accounting for Management, 5th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.