Summarized below the basic accounting treatment for Operating Lease.
In The Books of Lessee
The lease payment should be recognized as an expense in the Income Statement on a straight line basis over the lease term.
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 FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | ||||||
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