________________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.

Related MCQs

• ______________ 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.
• 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.
• _____________ refers to the process of adjusting the financial statements of a company to show the real financial position of the company during the inflationary period.
• In finance lease agreement, the option for the lessee to purchase the property or equipment at a specific price is known as __________________________.
• _______________ are the financial statements of a group of companies.
• The recognition of the close link between an organisation's decisions and activities and its impact on the natural environment is called __________.
• _____________ is the process of significantly changing a company's business model, management team or financial structure to address challenges and increase shareholder value.
• Any agreement between two or more parties to collaborate with each other, in order to achieve certain objectives while continuing to remain independent organizations is called _______________.
• ______________________is the assistance of finance professionals to settle disputes concerning allegations, fraudulence, suspicion of fraud and misconduct in business.
• A branch of accounting which decodes the human nature to hide failures, conceal problems, defend wrong decisions, and cover up mistakes is known as___________________.