commencement of the lease term

The date from which the lessee is entitled to exercise its right to use the leased asset. It is the date of initial recognition of the lease (i.e. the recognition of the assets, liabilities, income or expenses resulting from the lease, as appropriate).

(According to International Accounting Standards IAS 17)



Article ID: 1876
Last updated: 26 Jan, 2022
Bản cập nhật: 1
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