The objective of ________________is to prescribe, for lessees and lessors, the appropriate accounting policies and disclosures to apply in relation to finance and operating leases.

Related MCQs

• The objective of _________ is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer.
• ______________ is a term used in the field of accounting which measures the environmental and natural resources accounting, which tends to incorporate the natural and environmental assets of the firm and it’s resources.
• ______________________is the assistance of finance professionals to settle disputes concerning allegations, fraudulence, suspicion of fraud and misconduct in business.
• ________________accounting is the process by which companies and organizations record the financial impact of agreements to rent or finance the rights to use specific assets.
• In finance lease agreement, the option for the lessee to purchase the property or equipment at a specific price is known as __________________________.
• A branch of accounting which decodes the human nature to hide failures, conceal problems, defend wrong decisions, and cover up mistakes is known as___________________.
• All business combinations must be treated as _________ for accounting purposes.
• ________________ also called green accounting.
• Price for changes accounting can be done by the following method__________________.
• Forensic Accounting is very much useful to _____________ industry.