Leasing in Practice, 5th updated edition

Leasing is explained from both the lessee's and lessor's point of view, from a legal, accounting and tax perspective. The reader can compare the advantages of loan and lease financing, learn the criteria for choosing a leasing company, the details of the lease agreement and early termination of the lease. Basic concepts are explained - advance payment, accrual of instalments, instalment schedule, domestic and cross-border lease, non-cash rental payments, etc. Specific examples are used to illustrate the method of accounting for basic leasing operations in double-entry accounting and tax accounting (e.g. in the event of a change in the person of the lessee or lessor, in the event of early termination of the contract with subsequent purchase and in the event of use of the object partly for business and partly for personal purposes). The publication is a practical guide that is appreciated not only by employees of leasing companies and accountants, but also by anyone who has already purchased an item on lease or is considering it.