Wiley IFRS 2014: Interpretation and Application of International Financial Reporting Standards

Chapter 22LEASES

1. INTRODUCTION
2. DEFINITIONS OF TERMS
3. CLASSIFICATION OF LEASES
   1. Classification of Leases—Lessee
   2. Leases Involving Land and Buildings
   3. Classification of Leases—Lessor
      1. Consistent accounting by lessee and lessor
   4. Different Types of Finance Leases
4. RECOGNITION AND MEASUREMENT
   1. Accounting for Leases—Lessee
      1. Operating leases
      2. Finance leases
      3. Depreciation of leased assets
      4. Impairment of leased asset
   2. Accounting for Leases—Lessor
      1. Operating leases
      2. Finance leases
      3. Sales-type leases
      4. Direct financing leases
      5. Leveraged leases
   3. Sale-Leaseback Transactions
      1. Other leasing guidance
   4. DISCLOSURE REQUIREMENTS UNDER IAS 17
      1. Lessee Disclosures
      2. Lessor Disclosures
   5. FUTURE DEVELOPMENTS
   6. US GAAP COMPARISON
   7. APPENDIX A: SPECIAL SITUATIONS NOT ADDRESSED BY IAS 17 BUT WHICH HAVE BEEN INTERPRETED UNDER US GAAP
      1. Sale-Leaseback Transactions
         1. Sale-leaseback involving real estate
      2. Leases Involving Real Estate—Guidance under US GAAP
      3. Leases Involving Land Only
         1. Lessee accounting
         2. Lessor accounting
      4. Leases Involving Land and Building
         1. Lessee accounting
         2. Lessor accounting
         3. Leases involving real estate and equipment
         4. Leases involving only part of a building
      5. Termination of a Lease
      6. Renewal or Extension of an Existing Lease
      7. Leases between Related Parties
      8. Accounting for Leases in a Business Combination
      9. Sale or Assignment to Third Parties—Nonrecourse Financing
      10. Money-Over-Money Lease Transactions
      11. Acquisition of Interest in Residual Value
      12. Accounting for a Sublease
5. APPENDIX B:LEVERAGED LEASES UNDER US GAAP

INTRODUCTION ...