Oditor, No. 12/2015

ACQUISITION AND IMPROVEMENT OF BASIC FUNDS IN THE ENVIRONMENT
PhD Radovan Klincov[68], PhD Duško Jovanović[69]

UDK: 657.421; 658.152

Abstract

Financial leasing represents a specific form of purchasing fixed assets. The lessor finances the purchase of assets from a manufacturer for the lessee’s needs. The lessee in turn pays a rent to the lessor, usually divided into installments. A leasing installment consists of paying the principal to the leasing company as well as the interest for using the funding. The purchased assets are registered in the lessee’s financial reports as their asset which is to be amortized.

Key words: financial leasing, lessee, lessor.

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[68]Radovan Klincov Ph.D., Full professor, University of Business Studies, Jovana Dučića no. 23a, Banja Luka, Bosnia and Herzegovina.
[69]Duško Jovanović Ph.D., Full professor, School of Economics and Management Studies, Karađorđeva no. 52, Kragujevac, Serbia.