Regulatory Alerts1995-12-01
Added · Updated
Notice No. 013/GGBM/95 of 28 December - Accounting for Leasing Companies
The Bank of Mozambique mandates that financial leasing companies apply the Banking System Chart of Accounts standards effective January 1, 1996. The notice introduces specific new accounts for deferred rents, residual values, leased fixed assets, provisions for overdue rents, and related gains or losses. It requires the transfer of due rents to an overdue account within 30 days, where they may remain for a maximum of three months before being reclassified as doubtful or uncollectible.
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