New lease accounting standard for lessee: are academia ready? / Zuraini Yaacob

Yaacob, Zuraini (2019) New lease accounting standard for lessee: are academia ready? / Zuraini Yaacob. Accounting Bulletin, 2. pp. 17-18.

Abstract

The purpose of this article is to summarise the accounting for lease in lessee’s books under new standard for lease. A lease refers to an agreement where by the legal owner of an asset (lessor) conveys to the user of the asset (lessee) the right to use an asset for a period of time in exchange for consideration. MFRS16 Leases was issued by Malaysian Accounting Standards Board (MASB) in April 2016 to prescribe the principles for the recognition, measurement, presentation and disclosure of leases.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Yaacob, Zuraini
zurya177@kedah.uitm.edu.my
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > Banking > Accounting. Bookkeeping
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus
Journal or Publication Title: Accounting Bulletin
Volume: 2
Page Range: pp. 17-18
Keywords: Recognition, measurement, presentation, disclosure of leases
Date: 2019
URI: https://ir.uitm.edu.my/id/eprint/47567
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