publication . Article . 2013

financial reporting and tax implications of real estate lease

Snežana Miletić; Savka Vučković Milutinović;
Open Access
  • Published: 01 Jan 2013 Journal: Ekonomika preduzeca, volume 61, pages 256-272 (issn: 0353-443X, Copyright policy)
  • Publisher: Centre for Evaluation in Education and Science (CEON/CEES)
Abstract
Leasing is a very popular way of acquiring fixed assets, but despite its importance and presence the users of financial statements are often not in a position to realistically consider reporting entity's lease transactions and their impact on entity's financial position and performance. For years, current financial reporting for leases has been subject to many critiques. The reason for this primary lies in the fact that it left a lot of opportunities for manipulation during the lease classification into finance and operating leases, whereby the former must be reported on balance sheet, and the latter remains off it. Bearing in mind that operating leases have fav...
Subjects
free text keywords: real estate lease, finance lease, operating lease, lease accounting limitations, right of use model, leasing taxation, sale and leaseback, Gross lease, Accounting, business.industry, business, Renting, Lease, Financial ratio, NNN Lease, Finance, Operating lease, Finance lease, Balance sheet, jel:E00
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publication . Article . 2013

financial reporting and tax implications of real estate lease

Snežana Miletić; Savka Vučković Milutinović;