3185476
Beschreibung
Mindmap von meyer cohn, aktualisiert more than 1 year ago
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Erstellt von meyer cohn
vor mehr als 9 Jahre
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Leases
- Classification
- Operating
- Leases not
classified as finance
- Accounting /
Recognition
- Straight-line basis for
both parties
- Straight-line basis for
both parties
- Leases not
classified as finance
- Finance
- Accounting /
Recognition
- Lessor
- 1. Derecogn. asset; 2. Recogn. receivable
= Net investment (GI (Min. lease pmts +
unguarunteed RV) discounted @ interest
implicit in lease); 3. Initial direct cost incl.
in NI; 4. Recogn. finance income as per
effective interest rate method; 5. Lease
PMTS against GI
- Remember manufacturer/dealer lessors
- 1. Derecogn. asset; 2. Recogn. receivable
= Net investment (GI (Min. lease pmts +
unguarunteed RV) discounted @ interest
implicit in lease); 3. Initial direct cost incl.
in NI; 4. Recogn. finance income as per
effective interest rate method; 5. Lease
PMTS against GI
- Lessee
- 1. At inception of lease term recogn. an asset &
liability at LOWER of: -FV of leased asset;-PV of
min. lease pmts; 2. Apportion pmts between
finance cost & capital; 3. Initial direct cost incl.
in CA of asset; 4. Deprec. asset over shortest of
lease term/econimic life
- 1. At inception of lease term recogn. an asset &
liability at LOWER of: -FV of leased asset;-PV of
min. lease pmts; 2. Apportion pmts between
finance cost & capital; 3. Initial direct cost incl.
in CA of asset; 4. Deprec. asset over shortest of
lease term/econimic life
- Lessor
- Possible indicators: 1. Ownership
transferred at end of lease; 2.
Option to purchase; 3. PV of min.
lease pmts =/< FV of asset; 4.
Specialised asset;
- Accounting /
Recognition
- Operating
- Interest rate (Implicit rate) :
PV = Fair value of leased (Incl. Direct cost)
asset ; PMT = Installment; FV
= GRV +URV ; N = Lease term
;CompI= IIR
- Calc. PV of min. lease pmts:
PMT = Installment; FV =
GRV(Only); N = term; i = IIR;
CompPV=
- Example journal (Excl. VAT or funnies)
- Deferred tax
- Sale & leaseback transaction
Medienanhänge
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