BLM40120 - Taxation of long funding
leases: long funding finance lessors: amount falling to be
recognised for accounting purposes
An amount falls to be recognised as a profit or loss under
GAAP when it is recognised for accounting purposes
- in the company’s profit and loss
account or income statement,
- in the company’s statement of
recognised gains and losses or statement of changes in equity,
or
- in any other statement of items brought
into account in computing the company’s profits or losses for
that period.
