Assertion: operating lease | /r/AtLocation | footnote
Facets:
Source sentences:
text: The reasoning for the change was that when operating leases were reported in footnotes, corporate financial statements could be misleading about the true nature of a company’s liabilities.
text: Under the previous standard, IAS 17, only certain lease arrangements – called finance leases – were listed on the statement of financial position while operating leases were only reported in the footnotes.
text: While finance leases would be capitalized on the balance sheet, operating leases would be reported in the footnotes.