{"id":872,"date":"2025-06-23T06:32:04","date_gmt":"2025-06-23T06:32:04","guid":{"rendered":"https:\/\/finskillbox.com\/?page_id=872"},"modified":"2025-08-02T12:10:39","modified_gmt":"2025-08-02T09:10:39","slug":"leasing-part-3","status":"publish","type":"page","link":"https:\/\/finskillbox.com\/en\/materials\/free-download\/leasing\/leasing-part-3\/","title":{"rendered":"Accouting and taxation of leasing contracts Part 3"},"content":{"rendered":"<div class=\"row align-center\"  id=\"row-277043769\">\n\n\t<div id=\"col-824252019\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-113495728\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-113495728 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-548697236\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-548697236 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" target=\"_blank\" class=\"button primary is-outline\" rel=\"noopener\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-2799766882\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-2799766882 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1355579014\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1041044331\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong>IFRS 16 Leasing contracts:<\/strong><\/p>\n<p>This standard sets out the principles for the recognition, valuation, presentation and description of leasing contracts. The aim is to ensure that tenants and landlords provide relevant information in a way that accurately represents those transactions. Based on this information, users of the financial statements can assess the effect that leases have on an entity&#8217;s financial position, financial performance and cash flows.<\/p>\n<p>When initiating a contract, an entity must assess whether that contract is, or includes, a lease. A contract is or contains a lease if that contract grants the right to control the use of an identified asset for a certain period of time in exchange for consideration.<\/p>\n<p>An entity shall determine the duration of the lease agreement as the irrevocable period of a lease agreement together with:<\/p>\n<ul>\n<li>the periods covered by an option to extend the leasing contract if the lessee has reasonable certainty that he will exercise that option; and<\/li>\n<li>the periods covered by an option to terminate the lease if the lessee has reasonable certainty that he will not exercise that option.<\/li>\n<\/ul>\n<p>On the date of commencement of the lease, a lessee must recognize an asset relating to the right of use and a liability arising from the leasing contract.<\/p>\n<p>On the date of the start of the operation, a lessee must value the asset related to the right of use at cost.<\/p>\n<p>At the start date, a lessee must value the debt arising from the lease agreement at the present value of the lease payments that are not paid on that date.<\/p>\n<p>Lease payments must be discounted using the default interest rate in the lease agreement if that rate can be determined immediately.<\/p>\n<p>If this rate cannot be determined immediately, the lessee must use the lessee&#8217;s marginal loan rate.<\/p>\n<p>After the start date, a lessee must assess the debt arising from the leasing contract by:<\/p>\n<ul>\n<li>the increase in the carrying amount to reflect the interest associated with the debt arising from the leasing contract;<\/li>\n<li>reducing the carrying amount to reflect the leasing payments made; and<\/li>\n<li>revaluation of carrying amount to reflect any revaluation or changes to the lease.<\/li>\n<\/ul>\n<p>The purpose of the disclosures is for the lessee to present in the notes information that, together with the information provided in the financial statements, provides users of the financial statements with a basis for assessing the effect that leasing contracts have on the financial position, financial performance and cash flows of the lessee. Items 52-60 stipulate provisions on how this objective can be achieved.<\/p>\n\n\t\t\n<style>\n#text-1041044331 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-413102636\">\n\n\t<div id=\"col-182569414\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1263546906\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1263546906 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3711378801\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-3711378801 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-1433804017\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-1433804017 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1258708881\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-3312259198\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong>IFRS 16 Leasing contracts:<\/strong><\/p>\n<p>According to IFRS 16, a lessor must classify each of its leases as either an operating lease or a finance lease.<\/p>\n<p>A lease will be classified as a <span style=\"color: #ed1c24;\"><strong>finance lease<\/strong><\/span> if it essentially transfers all the risks and rewards of ownership of an underlying asset.<\/p>\n<p>A lease will be classified as an <strong><span style=\"color: #ed1c24;\">operational lease<\/span><\/strong> if it does not essentially pass on all the risks and rewards of ownership of an underlying asset.<\/p>\n<p>The extent to which a leasing contract is a finance lease, or an operational lease depends on the substance of the transaction rather than the form of the contract.<\/p>\n<p><strong>Sxomples of situotious thot, iudividuoll\u00e7 or iu o reloted wo\u00e7, would usuoll\u00e7 leod to the clossificotiou of o leose os o fiuouce leose ore:<\/strong><\/p>\n<ol>\n<li>the leasing contract transfers to the lessee the title to the underlying asset until the end of the term of the leasing contract;<\/li>\n<li>the lessee has the option to purchase the underlying asset at a price that is expected to be sufficiently low relative to fair value on the date on which the option becomes exercisable that, on the date of initiation of the lease, there is reasonable certainty that the option will be exercised;<\/li>\n<li>the duration of\u00a0 the\u00a0 leasing\u00a0 contract\u00a0 covers,\u00a0 for\u00a0 the\u00a0 most\u00a0 part,\u00a0 the\u00a0 economic\u00a0 life\u00a0 of\u00a0 the underlying asset, even if the title deed is not transferred;<\/li>\n<li>at the date of initiation of the lease agreement, the present value of the lease payments is at least equal to the entire fair value of the underlying asset; and<\/li>\n<li>the underlying asset has such a specialized character that only the lessee can use it without major changes.<\/li>\n<\/ol>\n<p><strong>Aspects thot iudicote situotious thot, iudividuoll\u00e7 or reloted, mo\u00e7 olso leod to the clossificotiou of o leose os o fiuouce leose ore:<\/strong><\/p>\n<ul>\n<li>if the lessee can terminate the leasing contract, the lessor&#8217;s losses generated by the termination of the contract are borne by the lessee;<\/li>\n<li>gains or losses resulting from changes in residual fair value are borne by the lessee (for example, in the form of a reduction in rent equivalent to most of the proceeds from the sale at the end of the lease); and<\/li>\n<li>The lessee has the ability to continue leasing for a second period, at a rent substantially lower than the market rent.<\/li>\n<\/ul>\n\n\t\t\n<style>\n#text-3312259198 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-252819471\">\n\n\t<div id=\"col-1986363638\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1495452706\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1495452706 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3868346938\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-3868346938 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-674744829\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-674744829 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-181355802\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2491963375\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong>Classification<\/strong> <strong>of<\/strong> <strong>the<\/strong> <strong>leasing<\/strong> <strong>contract<\/strong><\/p>\n<p>It is made on the date of initiation and is revalued only if there is a change in the leasing contract.<\/p>\n<p>Changes in estimates (e.g., changes in the estimated economic life or estimated residual value of the underlying asset) or changes in circumstances (e.g., default by the lessee) do not result in a new classification of leasing for accounting purposes.<\/p>\n<p>At the date of the commencement of a leasing contract, a lessor must recognize, in the statement of financial position, the assets held in the financial leasing system and present them as a receivable at an amount equal to the net investment in leasing.<\/p>\n<p>A lessor must recognise financing income over the term of the lease agreement based on a pattern that reflects a constant periodic rate of return on the lessor&#8217;s net lease investment.<\/p>\n<p>According to IFRS 16, the classification of leases is no longer relevant except in the context of the lessor&#8217;s accounting, the only contractual party that will continue to classify leases as financial or operational leases.<\/p>\n<p><strong>The distinction between financial leasing and operational leasing will have significance only for the accounting carried out at the level of the lessor.<\/strong><\/p>\n<p>The asset underlying the leasing contract (underlying asset) is defined, in relation to the right of use, as an asset for which a lessor has granted the right to use that asset to a lessee.<\/p>\n<p>An important step provided for by IFRS 16 refers to the identification of a leasing contract. Thus, when initiating a contract, an entity must assess whether that contract is, or includes, a lease.<\/p>\n<p><strong><em>fu<\/em><\/strong> <strong><em>couclusiou<\/em><\/strong>, The first question that a lessee must ask himself refers to the existence of an underlying asset, which will provide clues as to whether a leasing contract really exists according to the provisions of IFRS 16 or whether it is a service contract and falls under another accounting standard.<\/p>\n<p>Starting from the definition, the provisions of the standard are subordinated to a single accounting treatment for the lessee, namely the recognition in the balance sheet of the assets and liabilities related to the rights and obligations arising from the leasing contracts.<\/p>\n<p><strong>For the lessor, IFRS 16 did not bring changes in terms of accounting.<\/strong><\/p>\n<p><strong>From<\/strong> <strong>the<\/strong> <strong>lessee&#8217;s<\/strong> <strong>perspective,<\/strong> it can be appreciated that the principle of the prevalence of the economic over the legal is not only still found in the way of reflection in the accounting, but its application becomes even more pronounced, since the right to use the asset is pursued in particular, being recognized as a distinct asset in the lessee&#8217;s accounting and duly depreciated, while the right of ownership remains in the background and without having influences in the way of accounting.<\/p>\n<p>In this regard, in accordance with the provisions of IFRS 16, a lessee may obtain title to an underlying asset before the title is transferred to the lessor and the asset is leased to the lessee. Obtaining the title deed does not in itself determine how the transaction is accounted for. If the lessee controls the underlying asset (or gains control of it) before the asset is transferred to the lessor, the transaction is a sale and leaseback transaction.<\/p>\n\n\t\t\n<style>\n#text-2491963375 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-37186566\">\n\n\t<div id=\"col-1317756732\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-774009139\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-774009139 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3397434901\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-3397434901 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-1887801977\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-1887801977 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1780035754\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-2983484488\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p>The standard also provides exceptions for the tenant in choosing the concrete rules of recognition, evaluation and presentation.<\/p>\n<p>The exceptions relate to the fact that a lessee may choose not to apply the provisions relating to recognition from the date of commencement of the contract, subsequent valuation and disclosure, for short-term leases (contracts for a maximum period of twelve months) and for leases for which the underlying asset has a low value (e.g. tablets, personal computers, small items of furniture, telephones).<\/p>\n<p>In the case of short-term leasing contracts, the choice must be made according to the underlying asset class associated with the right of use.<\/p>\n<p>An asset class is a group of underlying assets of a similar nature and use used by the entity in its business. In the case of leasing contracts in which the underlying asset has a low value, the choice can be made for each leasing contract. In these cases, where the lessee chooses not to apply the general rules provided by the standard for situations that do not fall under the exceptions, he must recognize the leasing payments associated with the leases as an expense, using either a linear basis throughout the duration of the lease contract, or another systematic basis, if it is more representative of the benefit model received by the lessee.<\/p>\n<p><strong>The principles contained in IFRS 16 regarding the reflection of leases in the lessee&#8217;s accounts are:<\/strong><\/p>\n<p>Regarding the moment of recognition, on the date of the beginning of the contract, a lessee must recognize an asset related to the right of use and a debt arising from the leasing contract.<\/p>\n<p>On the occasion of the initial valuation of the asset related to the right of use, a lessee must assess the cost of the asset related to the right of use.<\/p>\n\n\t\t\n<style>\n#text-2983484488 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-2138386179\">\n\n\t<div id=\"col-468751458\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1256442589\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1256442589 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3384572516\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-3384572516 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-1042156245\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-1042156245 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1670687881\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1211088229\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong>The cost of the right-of-use asset shall include:<\/strong><\/p>\n<ul>\n<li>the value of the initial valuation of the debt arising from the leasing contract;<\/li>\n<\/ul>\n<p>In this regard, at the date of commencement of the contract, a lessee must value the debt arising from the leasing contract at the present value of the lease payments that are not paid on that date. Lease payments must be discounted using the default interest rate in the lease agreement if that rate can be determined immediately. If this rate cannot be determined immediately, the lessee must use the lessee&#8217;s marginal loan rate.<\/p>\n<ul>\n<li>any leasing\u00a0 payments\u00a0 made\u00a0 on or\u00a0 before\u00a0 the\u00a0 start\u00a0 date\u00a0 of\u00a0 the\u00a0 run,\u00a0 minus\u00a0 any leasing incentives received;<\/li>\n<li>any initial direct costs incurred by the lessee; And<\/li>\n<li>an estimate of the costs to be borne by the lessee for the dismantling and removal of the underlying asset, for the restoration of the place where it is located or for bringing the underlying asset to the condition imposed in the terms and conditions of the leasing contract, unless these costs are incurred for the production of stocks.<\/li>\n<\/ul>\n<p>Liabilities for such costs are recognised and measured as provisions in accordance with IAS 37 &#8220;Provisions, Contingent Liabilities and Contingent Assets&#8221;.<\/p>\n<p>At the conceptual level, the difference between the previous accounting model applied by the lessee and the new model provided by IFRS 16 is that in the future a right (of use) of the asset will be highlighted, and not an asset and, correspondingly, an expense with the depreciation of the right of use, and not an expense with the recovery of the value of the asset (depreciation of the asset).<\/p>\n<p><strong>With regard to the determination of the interest rate, IFRS 16 defines:<\/strong><\/p>\n<ul>\n<li><strong>the<\/strong> <strong>interest<\/strong> <strong>rate<\/strong> <strong>implicit<\/strong> <strong>in<\/strong> <strong>the<\/strong> <strong>leasing<\/strong> <strong>contract<\/strong> &#8211; the interest rate that causes the present value of the lease payments and the unsecured residual value to be equal to the sum of the fair value of the underlying asset and any direct initial cost of the lessor;<\/li>\n<li><strong>the<\/strong> <strong>tenant&#8217;s<\/strong> <strong>marginal<\/strong> <strong>loan<\/strong> <strong>rate<\/strong> &#8211; the interest rate that the lessee would have to pay to borrow, for a similar period and with a similar guarantee, the funds necessary to obtain an asset with a value similar to that of the right-of-use asset, in a similar economic<\/li>\n<\/ul>\n\n\t\t\n<style>\n#text-1211088229 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-410397267\">\n\n\t<div id=\"col-775278408\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1808982000\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1808982000 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-352772378\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-352772378 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-1589751881\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-1589751881 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-403219630\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1848574809\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong><em>Sxomple<\/em><\/strong> <strong><em>3:<\/em><\/strong><\/p>\n<p>An entity enters into a leasing contract for a period of 7 years for the use of industrial equipment. Annual fixed rate: 100 000 lei. Marginal loan rate applied: 3%.<\/p>\n<p>The table below represents the schedule received from the lessor, which is also a supporting document for the lessor, based on which the lessee will separate the right of use and the interest.<\/p>\n<p>From the calculation below, it follows:<\/p>\n<ul>\n<li>The value of the right of use reflected in the lessee&#8217;s accounting: 623,028.30 lei (PV, K4=100,000 *6.230283);<\/li>\n<li>Annual depreciation determined on a straight-line basis: MDL 89,004.04 (RON 623,028.30 \/ 7 years);<\/li>\n<li>Total interest for the first year: 18,690.85 MDL.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1030 size-full\" src=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-3-2.png\" alt=\"Table 3\" width=\"724\" height=\"308\" srcset=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-3-2.png 724w, https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-3-2-300x128.png 300w, https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-3-2-600x255.png 600w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/p>\n<p>Based on the above example, the principal reflection of the operations in the lessee&#8217;s accounting, according to the provisions of IFRS, is as follows:<\/p>\n<p>Recognition of the leasing right in the accounting. This right can be recognized in the form of an intangible asset, in correspondence with the leasing debt, at the remaining value of the payments, updated according to the interest rate used: MDL 623 028.30.<\/p>\n<p><em>Dt Right to use the asset under the leasing contrac<\/em><\/p>\n<p><em>Ct Preliminary Lease Debt<\/em><\/p>\n<ul>\n<li>Reflection in the accounting of interest \u2013 financial expenses 18 690.85 MDL.<\/li>\n<\/ul>\n<p><em>Dt Interest expenses<\/em><\/p>\n<p><em>Ct Preliminary lease debt<\/em><\/p>\n<p>Based on the above example, the principle reflection of the operations in the lessee&#8217;s accounting, according to the provisions of IFRS, is as follows:<\/p>\n<ul>\n<li>Receipt of the invoice and reduction of the preliminary leasing debt 100 000 MDL.<\/li>\n<\/ul>\n<p><em>Dt Preliminary lease debt<\/em><\/p>\n<p><em>Ct Lesing Debts<\/em><\/p>\n<ul>\n<li>Depreciation of the right of use 89 004,04 MDL<\/li>\n<\/ul>\n<p><em>Dt Expenses\/costs with depreciation of the right of use<\/em><\/p>\n<p><em>Ct Depreciation of the right of use<\/em><\/p>\n<p>Regarding the subsequent valuation, after the start date of the development, a lessee must value the asset related to the right of use applying the cost-based model.<\/p>\n\n\t\t\n<style>\n#text-1848574809 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-1340600274\">\n\n\t<div id=\"col-2006327969\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-795961967\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-795961967 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-4217602433\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-4217602433 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-717527282\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-717527282 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1091329045\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1219970954\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><span style=\"color: #00a859;\"><strong><em>Sxomple<\/em><\/strong> <strong><em>4<\/em><\/strong><strong>:<\/strong><\/span><\/p>\n<p>An entity concludes a 3-year leasing contract for the use of a car, starting with 01.01.202N (with the possibility of terminating the leasing contract before the expiry date). Annual fixed rate: 15 000 MDL. Marginal loan rate applied: 6%.<\/p>\n<p>The entity has the right to purchase the car at the end of the leasing contract for 80,000 MDL. The expected fair value at the end of the lease agreement is MDL 130,000. DFU = 5 years, calculation of depreciation according to the linear method. From the calculation below, it follows:<\/p>\n<ul>\n<li>The value of the right of use reflected in the lessee&#8217;s accounting: 107 265 MDL (PV, K4 = 15 000 * 2.673 + FV, K3 = 80 000 * 0.839602);<\/li>\n<li>Annual depreciation determined on a straight-line basis: MDL 107,265 \/ 5 years = MDL 21,453;<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1035 size-full\" src=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-4-2.png\" alt=\"Table 4\" width=\"715\" height=\"316\" srcset=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-4-2.png 715w, https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-4-2-300x133.png 300w, https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-4-2-600x265.png 600w\" sizes=\"auto, (max-width: 715px) 100vw, 715px\" \/><\/p>\n<p>Based on the above example, the principled reflection of the operations in the lessee&#8217;s accounting, according to the provisions of IFRS, on 01.01.202N:<\/p>\n<ul>\n<li>Recognition in the accounting of the leasing right, updated according to the interest rate used: 107 265 MDL.<\/li>\n<\/ul>\n<p><em>Dt Right to use the asset under the leasing contract<\/em><\/p>\n<p><em>Ct Preliminary Lease Debt and 31.12.202N+2:<\/em><\/p>\n<ul>\n<li>Reflection in the accounting of the interest \u2013 financial expenses 5 377 MDL.<\/li>\n<\/ul>\n<p><em>Dt Interest expenses<\/em><\/p>\n<p><em>Ct Preliminary Lease Debt<\/em><\/p>\n<ul>\n<li>Receipt of the invoice and reduction of the preliminary leasing debt 15 000<\/li>\n<\/ul>\n<p><em>Dt Preliminary lease debt<\/em><\/p>\n<p><em>Ct Debts concerning lesing<\/em><\/p>\n<ul>\n<li>Depreciation of the right of use 21 453 MDL<\/li>\n<\/ul>\n<p><em>Dt Expenses\/costs with the amortization of the right of use<\/em><\/p>\n<p><em>Ct Depreciation of the right of use<\/em><\/p>\n<ul>\n<li>Restoration of the non-depreciated right of use in the composition of fixed assets 42 906 MDL<\/li>\n<\/ul>\n<p><em>Dt Fixed assets<\/em><\/p>\n<p><em>Ct Right to use the asset under the leasing contract<\/em><\/p>\n<ul>\n<li>Payment of the leasing debt95 000 MDL (80 000 + 15 000) or 107 265 + 17 735 (Interest) \u2013 30 000 (2 rate)<\/li>\n<\/ul>\n<p><em>Dt\u00a0 Preliminary lease debt<\/em><\/p>\n<p><em>Ct\u00a0 Cash<\/em><\/p>\n\n\t\t\n<style>\n#text-1219970954 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-329477652\">\n\n\t<div id=\"col-1145602423\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-504887847\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-504887847 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-3132112077\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-3132112077 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-1551578511\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-1551578511 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-462013883\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1540298108\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong><em>Sxomple<\/em><\/strong>\u00a0 <strong><em>5<\/em><\/strong><strong><em>:<\/em><\/strong><\/p>\n<p>S.A.\u00a0 Sharp\u00a0 applies\u00a0 the\u00a0 provisions\u00a0 of\u00a0 IFRS\u00a0 and\u00a0 has\u00a0 leased\u00a0 a\u00a0 film\u00a0 studio\u00a0 since 01.01.202N, for a period of 4 years. The leasing contract provides for early termination, at the same time S.A. Sharp has the option to extend the leasing contract for a period of 3 years. On 01.01.202N, the lessee did not consider that option.<\/p>\n<p>At the beginning of each year, the lessee has the obligation to pay the leasing annuity in the amount of 200,000 MDL. At the end of year 3, S.A. Sharp evolved and decided to use the option of extending the leasing contract for 3 years (the total duration of the contract will be 7 years). For the next 3 years, the leasing payments amount to 225,000 MDL\/year. The marginal lending rate applied for the entire period: 4%.<\/p>\n<p><span style=\"color: #ed1c24;\"><strong>Determine:<\/strong><\/span><\/p>\n<p>What will be the accounting formula and the amount reflected on 01.01.202N+4 for the new contract<\/p>\n<p>31.12.202N+4:<\/p>\n<ul>\n<li>Recognition in the accounting of the leasing right, updated according to the interest rate used: 624 395 MDL (225 000 * 2,775091).<\/li>\n<\/ul>\n<p><em>Dt Right to use the asset under the leasing contract<\/em><\/p>\n<p><em>Ct Preliminary lease debt<\/em><\/p>\n<ul>\n<li>Present value of leasing debt:\n<ul>\n<li>200 000 MDL &#8211; without extension of the leasing contract<\/li>\n<li>824 395 MDL &#8211; with the extension of the leasing contract<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\t\t\n<style>\n#text-1540298108 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-2041623591\">\n\n\t<div id=\"col-90676623\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-824310166\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-824310166 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-96452021\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-96452021 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-1979432673\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-1979432673 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2064490000\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1907675154\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong><em>Sxomple<\/em><\/strong> <strong><em>6:<\/em><\/strong><\/p>\n<p>S.A. Bravo owns a car leasing business. On 01.01.202N it concluded a leasing contract with the lessor under the following conditions:<\/p>\n<p>Fair value of the car on 01.01.202N \u2013 88 650 MDL<\/p>\n<p>Duration of the leasing contract \u2013 01.01.202N \u2013 31.12.202N+3 DFU \u2013 5 years Amortization method \u2013 linear Interest \u2013 5%<\/p>\n<p>Expenses related to the transfer of the leased asset \u2013 5 000 MDL Leasing payments paid at the end of each year \u2013 25 000 MDL \/ year Redemption option \u2013 possible on 31.12.202N+3 at the value of MDL 10,000 Early termination \u2013 not possible<\/p>\n<p><strong>Determine:<\/strong> What will be the accounting formulas reflected by the lessor at the end of 202N+1<\/p>\n<p><strong>Note:<\/strong> PV, K4 = 2,775091<\/p>\n<p><strong>31.12.202N+1:<\/strong><\/p>\n<ul>\n<li>Settlement of the book value to current expenses (depreciation) 18 730 MDL = (88 650 + 5 000)\/5 Years<\/li>\n<\/ul>\n<p><em>Dt Cost of Sale<\/em><\/p>\n<p><em>Ct Anticipated expenses (value correction)<\/em><\/p>\n<ul>\n<li>Calculation of leasing interest 25 000 MDL<\/li>\n<\/ul>\n<p><em>Dt Leasing claims<\/em><\/p>\n<p><em>Ct Sales revenue<\/em><\/p>\n\n\t\t\n<style>\n#text-1907675154 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-1192530085\">\n\n\t<div id=\"col-1087553433\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1888072227\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1888072227 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1057525337\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 3\n\t\t\n<style>\n#text-1057525337 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/LEASING-CONTRACT-Part-3.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-913734975\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-913734975 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1947570963\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1023473351\" class=\"text\">\n\t\t\n\n<h1 style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">LEASING ACCOUNTING ACCORDING TO INTERNATIONAL REGULATIONS<\/span><\/strong><\/h1>\n<p><strong><em>Sxomple<\/em><\/strong> <strong><em>7:<\/em><\/strong><\/p>\n<p>On 01.01.202N, Interfobos SRL, lessee, concluded a lease contract for a production equipment for a period of 4 years.<\/p>\n<p>The annual leasing payments amount to MDL 10,000 and are paid at the end of each year. The default rate of the contract is 4%. The direct initial costs of the leasing contract amount to MDL 1,000.<\/p>\n<p>The contract is quietly extended only once under the same conditions, unless the lessee terminates the contract with 6 months&#8217; notice. Interfobos SRL is very dependent on this machine and is very unlikely to resort to termination.<\/p>\n<p>According to the company&#8217;s accounting principles, the machines are depreciated over 7 years.<\/p>\n<ul>\n<li>Calculate the value of the right to use the machine and the leasing debts: 68 327,45 = 1 000 + 10 000 *6,732745<\/li>\n<\/ul>\n<p>(PV, K4 = 6,732745)<\/p>\n<ul>\n<li>Prepare accounting forms related to them<\/li>\n<\/ul>\n<p><em>Dt Right to use the asset under the leasing contract 68 327,45 MDL<\/em><\/p>\n<p><em>Ct Preliminary lease debt 67 327,45 MDL<\/em><\/p>\n<p><em>Ct Current payables 1 000,00 MDL<\/em><\/p>\n<ul>\n<li>Calculate and reflect the amount of impairment of the right of use to be recorded for the financial year 202N<\/li>\n<\/ul>\n<p>Depreciation of the right of use 68 327,45 \/ 7 Years = 9 761,06 MDL<\/p>\n<p><em>Dt Expenses\/costs with the amortization of the right of use<\/em><\/p>\n<p><em>Ct Depreciation of the right of use<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1039 size-full\" src=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-5-2.png\" alt=\"Table 5\" width=\"717\" height=\"283\" srcset=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-5-2.png 717w, https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-5-2-300x118.png 300w, https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Table-5-2-600x237.png 600w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/p>\n\n\t\t\n<style>\n#text-1023473351 {\n  font-size: 1.1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":932,"parent":228,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-872","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/comments?post=872"}],"version-history":[{"count":26,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/872\/revisions"}],"predecessor-version":[{"id":1336,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/872\/revisions\/1336"}],"up":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/media\/932"}],"wp:attachment":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/media?parent=872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}