About this document
Understanding Leased Assets Accounting by cheebooncheang is a document available to read on EtoBox.
Leased assets can be accounted for in two ways - as capital leases or operating leases. For capital leases, the asset is capitalized on the balance sheet by calculating its present value from future lease payments. For operating leases, the asset is not capitalized and lease payments are expensed. The document outlines how to set up leased asset accounting in the system, including defining leasing types, capitalizing assets using the capital lease method, and generating reports on lease liabilities.
- Author
- cheebooncheang
- Language
- EN