Vueling and RyanAir Lease Strategies Classifying leases as operational or financial is a key accounting issue in the airline industry because of the high value of the leased assets. When classifying leases the IFRS principle “substance over form” should be the prime criteria to identify the type of lease. In 2012 EasyJet operated 214 aircrafts. 148 of them were owned, 55 were acquired under operating leases contracts and 11 under a finance leases. In its annual report
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Company Name: GCL-Poly Energy Holdings Limited Stock Code: 3800 To: Albert From: XXX Date: 28/10/2014 Subject: The accounting requirements for leases BACKGROUND | As per our discussion, I have reviewed the consolidated financial statement of the GCL-Poly Energy Holdings Limited for the last year ended 31 December, 2013. For your reference, I would like to answer your question to facilitate your decision of lending the money as an investment that why the leased assets do should be recorded
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962-7-950-1220. E-mail: muhannad.atmeh@gju.edu.jo Received: May 22, 2012 doi:10.5539/ijbm.v7n18p49 Accepted: June 20, 2012 Online Published: September 16, 2012 URL: http://dx.doi.org/10.5539/ijbm.v7n18p49 Abstract Islamic banks use finance leases as a mode of financing, after incorporating major alterations in the structure of the contract in order to meet Shariah principles. In this case, the contract is called ‘Ijarah Muntahia Bittamleek’. As different structures might lead to different
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According to the Merriam Webster Dictionary, lease can be defined as: “A contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent.” In layman terms however, leasing refers to a contract between two parties- the lessee to acquire the use of an asset with payment structured over time. The lessee chooses an asset and finds a lessor who will acquire it for him/her and enters into a non-cancellable, long term contract with the lessor to use and
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Simulation Review Mary Kaiser HCS/405 Health Care Financial Accounting July 21, 2014 David Albalat Simulation Review Introduction The simulation review was to capture the capital shortages, evaluate the funding options for acquiring new or refurbished medical equipment and evaluate the funding options for capital expansion for Elijah Heart Center (EHC). After reviewing the simulation our discussion will entail the two cost-cutting and loan options, equipment options and funding is most
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million dollars It’s not an operating lease. Session 8: In-Class Discussion Case #2 - Bear Minimum Provision 3: 25-4 This guidance addresses what constitutes minimum lease payments under the minimum-lease-payments criterion in paragraph 840-10-25-1(d) from the perspective of the lessee and the lessor. Lease payments that depend on a factor directly related to the future use of the leased property, such as machine hours of use or sales volume during the lease term, are contingent rentals and
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analyst marketing & sales Group of Tongli Mechanical and Electronic Group 2 Burce Kho division sales manager of Tongli 3 Wanditex Knitting Factory in Bandung 4 MR. Suger HU Had reccomend Bruce to lease one of its advanced system to Wanditex 5 MR. Suger HU Weighing amoung four alternatives sets of lease terms 6 Tongli Automation Division Hight Tech Company integratin production and trande 7 Tongli Automation Division Tongli, sepcialize embroidery machines and computerized flat knitting machines
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Accounting for Leases Rae Girl ACC306 Intermediate Accounting II Professor Bill Wax August 21, 2015 Accounting for Leases Leasing is a commonly used financing vehicle in both personal and business arenas because the lease allows the parties to accomplish a sales-type transaction that benefits each without the commitment of an outright purchase on the part of the lessee. While the basic concept of a lease is simple, there are many complexities in theory and practice that have given rise to
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–Organization report 1.1 Background of ULC 1.2 Corporate Objective 1.3 Capital, Sponsors and Share Structure 1.4 Board of Directors 1.4.1 Executive Committee 1.5 Organizational Structure 1.5.1 Management 2.1 Lease Portfolio and Sector wise Exposure 2.2 Performance of ULC at a Glance 2.3 SWOT Analyses of ULC 3.0 Credit offers by ULC 4.1 Credit Approval Process of ULC 5.1 Conclusion Section 2 - Internship Project 1
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CFPB Issues Interpretive Rule on Homeownership Counseling Requirements. The CFPB issued a final interpretive rule, amending its 2013 guidelines, to assist lender compliance with RESPA and TILA homeownership counseling requirements. Under RESPA, credit unions must provide applicants for a federally related mortgage loan with a clear and conspicuous written list of certified homeownership counselors. 12 C.F.R. 1024.20(a)(1). RESPA states a credit union may use one of two methods for generating
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