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+--- Thread: How to Record Fixed Assets (/thread-how-to-record-fixed-assets)
How to Record Fixed Assets - Omeir - 01-06-2011
Can anyone please guide me in light of IAS, how to record assets purchased through ijarah?
- Salmancert - 01-08-2011
Ijarah? isn't it lease in Islamic Banking
The Treatment is same as for Leased Assets under IAS 17 Leases and IAS 16 PPE. If you need further details please post.
- aamalik - 01-09-2011
Yeah... Now depend whether finance or operating lease
Asset Subject to Lease
To Lease Liablity
will be the accounting entry in case of former
- Omeir - 01-10-2011
@ Salaman,
If you can, please explain what would be the accounting entry for recording such asset?
- Rithika - 02-16-2011
Fixed assets is the long term asset. Depreciation would be the better method that allows the firm to spread the cost of the fixed asset. If it's under a lease then you're ought to care on the assets.