»Ê¹ÚÌåÓýapp

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»Ê¹ÚÌåÓýapp Statement of Recommended Practice (SORP) issued by the Finance and Leasing Association provides guidance on how the UK GAAP requirements of SSAP 21 and FRS 5 can be best interpreted by lessors. »Ê¹ÚÌåÓýapp SORP was developed in accordance with the Accounting Standard Board’s code of practice and is not considered to contain material that conflicts with existing UK GAAP accounting standards. »Ê¹ÚÌåÓýapp intention of the SORP is to supplement the existing accounting framework and it should be read in conjunction with the existing standards.

New accounting standards may be developed and any new requirements will take preference over the guidance contained in the SORP where conflicts arise