I’ve discuss about accounting for lease lots, in many forms and cases, the concepts, theories and the standard. In this post I provide 3 essentials step-by-step procedures to proper accounting for lease. They are based on the IAS 17 requirements. Read... 

Leases are common transactions encountered by many entities and often involve significant assets and liabilities. The current lease accounting model has been criticized for various reasons, including assertions that it is unnecessarily complex, includes... 

Leasing is an alternative to purchasing. Because the lessee is obligated to make a series of payments, a lease arrangement resembles a debt contract. Thus, the advantages cited for leasing are often based on a comparison between leasing and purchasing...