Financial Statements- Finance Lease
furno11
Registered Posts: 3
Hi,
I am taking my Financial Statements exam next Tuesday and am just trying to fill up the cracks in my knowledge!
Could someone please explain the sum of digits method regarding a finance lease?
I understand the method if you pay at the end of the year i.e 31 December but get confused as to why the formula changes if the first payment is on the 1st January?
Any info would be much appreciated.
Thanks,
I am taking my Financial Statements exam next Tuesday and am just trying to fill up the cracks in my knowledge!
Could someone please explain the sum of digits method regarding a finance lease?
I understand the method if you pay at the end of the year i.e 31 December but get confused as to why the formula changes if the first payment is on the 1st January?
Any info would be much appreciated.
Thanks,
0
Categories
- All Categories
- 1.3K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 388 NEW! Qualifications 2022
- 173 General Qualifications 2022 discussion
- 16 AAT Level 2 Certificate in Accounting
- 78 AAT Level 3 Diploma in Accounting
- 113 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 276 VAT
- 96 Software
- 281 Tax
- 147 Bookkeeping
- 7.2K General accounting discussion
- 208 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 589 Job postings
- 16 Who can benefit from AAT?
- 37 Where can AAT take me?
- 43 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 67 AAT membership