Lease accounting and impact on Andorran companies

The lease accounting in Andorran Companies can be done in different ways depending on the type of company because different business sectors are obliged to comply with different accounting standards.

A lease is any agreement, regardless of its legal instrument, by which the lessor cedes to the lessee, in exchange for receiving a single amount of money or several payments or dues, the right to use an asset for a specified period of time, regardless of whether the lessor is obligated to provide services in connection with the exploitation or maintenance of assets.