FRS102 operational leases
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malcolm818
Registered Posts: 7 New contributor 🐸
Hi need some help
There are lots of examples online of how to treat previously categorised operating leases under the new on balance sheet lease accounting rules. But what about previously categorised finance leases in particular HP agreements. Do we need to increase the HP creditor for the outstanding interest as now the lease note shows the gross and net obligations repayable.
Thanks
There are lots of examples online of how to treat previously categorised operating leases under the new on balance sheet lease accounting rules. But what about previously categorised finance leases in particular HP agreements. Do we need to increase the HP creditor for the outstanding interest as now the lease note shows the gross and net obligations repayable.
Thanks
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