Would like to check if anyone had come across with UK GAAP requirements related with leasing contracts in IFS and how the mapping should be done (FRS102 )
- Additional requirement for a short term lease not to include purchase options
- Ability to apply the Obtainable Borrowing Rate
- FRS 102 requires lessees to disclose a maturity analysis of its lease commitments for exempted short-term leases and leases of low-value assets.