Publisher's Synopsis
This book provides an overview of the United Kingdom finance industry for the user wishing to compare leasing with other methods of short or medium term funding for the acquisition of plant and equipment, and for the financier wishing to increase, revise or update his or her knowledge of the industry.;This book will prove to be of particular value as background reading for those studying for recognized industry examinations in finance and banking practice.;The content will assume some limited, prior knowledge and has been written to provide an insight into the domestic areas of the UK asset finance industry. It is a general work, and includes chapters on current product marketing methods, insurance related packages and risk management, together with an examination of the current UK taxation implications and practice.;SSAP 21 accounting requirements for the various types of contract, together with an attempt to assess future Inland Revenue practices with regard to the Standard have been covered.;Sub-headings have been used throughout in order to assist quick access to salient points via the indexing, and a glossary of technical terms is contained in an Appendix.;There are checklists of the information required to underwrite a credit transaction and to provide a basis for financial modelling to compare the cashflows generated by competing products, using discounted cashflow analysis.
