There has been a significant change from the existing UK GAAP to the disclosure of commitments under operating leases. Users are able to generate a set of accounts using the new FRS 102 …

Mar 13, 2017 · Under SSAP 21, a lessee that had entered into an operating lease would disclose the payments that the entity is committed to make in the relevant time bands according to …

Nov 8, 2019 · Disclosing operating leases under FRS102 is generally a simple process: This tends to be a simple process, provided there is a clear lease agreement in place that states the …

Feb 25, 2025 · Technical helpsheet to help members understand how lessees should account for an operating lease with a rent free period under FRS 102 and provides a practical example of …

Our illustrative disclosures supplement (PDF 1.8 MB) will help you to navigate the new requirements and enable you to focus on the information that is relevant to users of financial …

Section 55 contains details in respect of the disclosure within creditors, including details of security. Section 57 contains details of the disclosure required in respect of any financial …

Jan 21, 2016 · The disclosure of operating lease commitments is a major change in the accounts under FRS102. Under the old UK GAAP, the operating lease commitment note required the …

Jul 14, 2016 · After initial recognition, paragraph 20.11 to FRS 102 requires a lessee to split the minimum lease payments between the capital element and the interest element. This is …

Jul 31, 2019 · To achieve that objective, lessees and lessors disclose both qualitative and quantitative information. For lessees, this information is required to be presented in a single …

Lessee’s operating lease commitments ... A lessor is required to make the same form of aged disclosure for future minimum lease payments receivable under non-cancellable operating …