Accounting by Lessee. Capitalization criteria Accounting differences Capital lease method Operating method Comparison
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1 UNIT THIRD ACCOUNTING FOR LEASES 1
2 ACCOUNTING FOR LEASES Leasing Environment Accounting by Lessee Accounting by Lessor Who are players? Advantages of leasing Conceptual nature of a lease Capitalization criteria Accounting differences Capital lease method Operating method Comparison Economics of leasing Classification Directfinancing method Operating method 2
3 LEARNING OBJECTIVES 3
4 THE LEASING ENVIRONMENT 4
5 THE LEASING ENVIRONMENT 5
6 THE LEASING ENVIRONMENT 6
7 THE LEASING ENVIRONMENT 7
8 ACCOUNTING BY THE LESSEE 8
9 ACCOUNTING BY THE LESSEE 9
10 ACCOUNTING BY THE LESSEE Transfer of Ownership Yes Lease Agreement No Bargain Purchase No Capital Lease Lease Term >= 75% No PV of Payments >= 90% Yes Yes Yes No O p e r a t i n g L e a s e 10
11 ACCOUNTING BY THE LESSEE 11
12 ACCOUNTING BY THE LESSEE 12
13 ACCOUNTING BY THE LESSEE 13
14 ACCOUNTING BY THE LESSEE 14
15 ACCOUNTING BY THE LESSEE 15
16 ACCOUNTING BY THE LESSEE 16
17 ACCOUNTING BY THE LESSEE 17
18 ACCOUNTING BY THE LESSEE 18
19 ACCOUNTING BY THE LESSEE 19
20 ACCOUNTING BY THE LESSEE 20
21 ACCOUNTING BY THE LESSOR 21
22 ACCOUNTING BY THE LESSOR 22
23 ACCOUNTING BY THE LESSOR 23
24 ACCOUNTING BY THE LESSOR 24
25 ACCOUNTING BY THE LESSOR 25
26 ACCOUNTING BY THE LESSOR 26
27 ACCOUNTING BY THE LESSOR 27
28 ACCOUNTING BY THE LESSOR 28
29 ACCOUNTING BY THE LESSOR 29
30 ACCOUNTING BY THE LESSOR 30
31 ACCOUNTING BY THE LESSOR 31
32 ACCOUNTING BY THE LESSOR 32
33 ACCOUNTING BY THE LESSOR 33
34 ACCOUNTING BY THE LESSOR 34
35 ACCOUNTING BY THE LESSOR 35
36 ACCOUNTING BY THE LESSOR 36
37 ACCOUNTING BY THE LESSOR 37
38 ACCOUNTING BY THE LESSOR 38
39 ACCOUNTING BY THE LESSOR 39
40 40
41 41
42 42
43 43
44 HOME ASSIGNMENT Q1- What do you understand by leasing environment Q2- Clearly explain accounting by the lessee Q3- Explain the term accounting by lesser 44
45 PRACTICAL QUESTIONS 45
46 PRACTICAL QUESTIONS 46
47 PRACTICAL QUESTIONS 47
48 PRACTICAL QUESTIONS 48
49 PRACTICAL QUESTIONS 49
50 PRACTICAL QUESTIONS 50
51 PRACTICAL QUESTIONS 51
52 PRACTICAL QUESTIONS 52
53 PRACTICAL QUESTIONS 53
54 PRACTICAL QUESTIONS 54
Characteristics of Leases
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