Examlex
The level of resources each activity will need to be completed in the given amount of time has been estimated; therefore, there are no resource constraints.
Lease Receipts
Income received from leasing out an asset to a lessee under a lease agreement.
Finance Lease
A lease agreement that transfers substantially all the risks and rewards incidental to ownership of an asset. Title may or may not eventually be transferred.
AASB 16
An accounting standard issued by the Australian Accounting Standards Board specifying the principles for recognition, measurement, presentation, and disclosure of leases.
IFRS 16
The International Financial Reporting Standard issued by the IASB which specifies how an IFRS reporter will recognize, measure, present, and disclose leases.
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