西方财务会计 原版课件21.pptVIP

Learning Objectives Explain the nature, economic substance, and advantages of lease transactions. Describe the accounting criteria and procedures for capitalizing leases by the lessee. Contrast the operating and capitalization methods of recording leases. Identify the classifications of leases for the lessor. Describe the lessor’s accounting for direct-financing leases. Identify special features of lease arrangements that cause unique accounting problems. Describe the effect of residual values, guaranteed and unguaranteed, on lease accounting. Describe the lessor’s accounting for sales-type leases. List the disclosure requirements for leases. Capitalization Criteria: Transfer of ownership Bargain purchase option Lease term = 75% of economic life of leased property Present value of minimum lease payments = 90% of FMV of property Copyright Present value of the minimum lease payments must include the present value of the option. Only difference between the accounting treatment for a bargain-purchase option and a guaranteed residual value of identical amounts is in the computation of the annual depreciation. Bargain Purchase Option (Lessee) Special Accounting Problems LO 8 Describe the lessor’s accounting for sales-type leases. The accounting for initial direct costs: For operating leases, the lessor should defer initial direct costs. For sales-type leases, the lessor expenses the initial direct costs. For a direct-financing lease, the lessor adds initial direct costs to the net investment. Initial Direct Costs (Lessor) Special Accounting Problems LO 8 Describe the lessor’s accounting for sales-type leases. FASB Statement No. 13 does not indicate how to measure the current and noncurrent amounts. It requires that for the lessee the “obligations shall be separately identified on the balance sheet as obligations under capital leases and shall be subject to the same considerations as other obligations in classifying them with current and noncurrent liabilities in classif