COMPARATIVE CHARACTERISTICS BETWEEN FINANCIAL AND OPERATIONAL LEASING IN THE ACCOUNTING ASPECT

Zdravka Kiricheva

Abstract


In a market economy and striving for fuller satisfaction of consumers’ needs, of their requirements and opportunities, the signing of a lease agreement and accounting operations associated with it are very topical. The lease agreement is a commercial agreement under which the lessor gives the lessee the right to use an asset for a fee for a certain period of time. It includes an agreement for lease of assets which contains a clause allowing the tenant to acquire ownership of the asset subject to the conditions that have been agreed. These contracts are sometimes known as purchase by payment. In this article the goods on lease are the object of study. An emphasis is placed on the requirements of NSS17 and IAS17, the tax aspects of leasing and specificity of reporting under the VAT Act in the Republic of Bulgaria.

Keywords


operational leasing, financial leasing, lessor, lessee

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References


Zakon za danak varhu dobavena stoynost

Zakon za zadalzheniyata i dogovorite

Zakon za korporativno podohodno oblagane

Zakon za mestnite danatsi i taksi

Mezhdunaroden schetovoden standart 17

Pravilnik za prilagane na Zakona za danak varhu dobavena stoynost

Schetovoden standart 17

Targovski zakon


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New knowledge Journal of science Jubilee edition is financed by the National Science Fund of the Republic of Bulgaria – contract № ДНП 05/52 от 22.12.2016 in the competition of Bulgarian scientific periodicals – 2016

The contents of this publication do not necessarily reflect the position or opinion of the National Science Fund of the Republic of Bulgaria. The opinions expressed are those of the author(s) only and should not be considered as representative of the National Science Fund’s official position.

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