Under IFRS 16, the lessor’s accounting for a lease will be different based on whether the lease is a finance lease or an operating lease. Thus, the lessor must first classify the lease as a finance lease or an operating lease. If the lease transfers substantially all the risks and rewards of ownership to the lessee, then it is a finance lease.
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Edspira’s mission is to make a high-quality business education accessible to all people.
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