ICAEW.com works better with JavaScript enabled.

Accounting for leasing and asset finance

Accounting for leasing and asset finance is a specialist area that requires expertise and an understanding of the sector. On this page you can access a range of articles, books and online resources providing quick links to Statements of Recommended Practice, guidance and news.

What's on this page?

  • Statements of Recommended Practice
  • Useful links
  • Online articles
  • Books and articles from the library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com

T  +44 (0)20 7920 8620


We have a separate page on IAS 17: Leases and IFRS 16: Leases.

Statements of Recommended Practice

Issuing body

Statements of Recommended Practice (SORPs) relating to leasing and asset finance are issued by the Finance and Leasing Association (FLA).

Full text sources for the SORP and associated guidance

The SORP ('Accounting issues in the asset finance and leasing industry') issued by the Finance and Leasing Association in April 2000 has been withdrawn. Updated guidance is anticipated following the publication of the new lease accounting standard.

Useful links


Financial Services Faculty
The faculty provides practical support to chartered accountants within the sector. It offers news updates, technical guidance and publications, as well as conferences and seminars.


European leasing
The 2012 edition of Leaseurope and KPMG's guide to leasing markets across Europe with information on the legal, accounting and taxation framework in 32 countries.

Leasing in Ireland: Crossing borders
Guide published by Deloitte in 2012. Topics include:

  • leasing law and regulation in Ireland
  • accounting for leases under Irish GAAP
  • IFRS and local GAAP comparison
  • taxation of leases.

Archived documents

Memorandum of comment to the Finance and Leasing Association (FLA) on the exposure draft of a statement of recommended practice (SORP) on accounting issues in the asset finance and leasing industry
Representation document dated 31 July 1998 and published by the ICAEW as Technical Release TECH 17/98.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.