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Finance Lease

A type of lease in which a financier (a finance company, a bank) is and remains the legal owner of...

Service Lease

A lease contract that provides a lessee the right to use an asset without enjoying the benefits of ownership. The...

Operating Lease

A lease contract that provides a lessee the right to use an asset without enjoying the benefits of ownership. The...

Shareholders’ Equity

The amounts of funds that have been provided by owners of a business (firm) as well as their claims on...

ROU Asset

It stands for right-of-use asset; the right (license) that is granted by a lessor to a lessee to hold, operate...

Right-of-Use Asset

The right (license) that is granted by a lessor to a lessee to hold, operate or occupy a leased asset...

Operating Activities

A business carries out investing activities to build its productive capacity needed for its operations. Operating activities which are carried...

Investing Activities

A business makes investments to secure resources that will allow it to build productive capacity and deliver on its value...

Statement of Financial Position

Previously known as balance sheet, it is a detailed projection of the assets, liabilities, and owners' equity of a business...

SFP

It stands for statement of financial position; previously known as balance sheet, it is a detailed projection of the assets,...