Stupid Question - Operating Lease Disclosure
JamesB
Registered Posts: 51 Epic contributor 🐘
Quick question.
Say I have an operating lease which I take out at the end of the accounting year that is for 6 years @ £10k per annum.
In the disclosure do I put
due <1 yr £10k
due 2-5yrs £40k
due >5yrs £10k
Just want to be sure :thumbup1:
J
Say I have an operating lease which I take out at the end of the accounting year that is for 6 years @ £10k per annum.
In the disclosure do I put
due <1 yr £10k
due 2-5yrs £40k
due >5yrs £10k
Just want to be sure :thumbup1:
J
0
Comments
-
Disclosure is not my strong point but..
I think you just state the annual commitment of leases expiring.
e.g. Expiring > 5yrs £10k0
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
- 209 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