ACCOUNTING101 · RANDOM THOUGHTS

Passion and Profession

I can still remember vividly when I first set my feet inside the classroom years ago. June 8, 2013 is always a history I can always look back with a smile on my face. That day, I officially became a professor. An accounting professor. A dream I've envisioned even when I was still a student.… Continue reading Passion and Profession

Advertisements
ACCOUNTING101

QUICK NOTES ON OPERATING LEASE

Operating Lease Definition: (PAS 17, par 4) an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. 2 parties – lessee and lessor OPERATING LEASE (LESSEE) -                            Rental approach -                            Rent expense -                            LEASE BONUS… Continue reading QUICK NOTES ON OPERATING LEASE