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Wiley Interpretation and Application of IFRS Standards
book

Wiley Interpretation and Application of IFRS Standards

by PKF International Ltd
May 2018
Intermediate to advanced content levelIntermediate to advanced
1016 pages
38h 56m
English
Wiley
Content preview from Wiley Interpretation and Application of IFRS Standards

22Leases

  1. Introduction
  2. Definitions of Terms
    1. Minimum Lease Payments (MLP)
  3. Classification of Leases
    1. Classification of Leases—Lessee
    2. Leases Involving Land and Buildings
    3. Classification of Leases—Lessor
    4. Different Types of Finance Leases
  4. Recognition and Measurement
    1. Accounting for Leases—Lessee
      1. Operating Leases
      2. 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
  5. Disclosure Requirements Under IAS 17
    1. Lessee Disclosures
    2. Lessor Disclosures
  6. Examples of Financial Statement Disclosures
  7. Future Developments
  8. US GAAP Comparison
  9. 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
    4. Leases Involving Land and Building
    5. Leases Involving Real Estate and Equipment
    6. Leases Involving Only Part of a Building
    7. Termination of a Lease
    8. Renewal or Extension of an Existing Lease
    9. Leases between Related Parties
    10. Accounting for Leases in a Business Combination
    11. Sale or Assignment to Third Parties—Non-Recourse Financing
    12. Money-Over-Money Lease Transactions
    13. Acquisition of Interest in Residual Value
    14. Accounting for a Sublease
  10. Appendix B: Leveraged Leases Under US GAAP

Introduction

Leasing has long been a popular financing option for the acquisition of business property. During the ...

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Publisher Resources

ISBN: 9781119461500