BLM40120 - Taxation of long funding leases: long funding finance lessors: amount falling to be recognised for accounting purposes

An amount falls to be recognised as a profit or loss under GAAP when it is recognised for accounting purposes

• in the company’s profit and loss account or income statement or statement of comprehensive income,
• in the company’s statement of total recognised gains and losses or statement of other comprehensive income or statement of changes in equity, or
• in any other statement of items brought into account in computing the company’s profits or losses for that period.