28 ACCOUNTING FOR LEASES
Classification of Leases—Lessee
Classification of Leases—Lessor
Distinction between Sales-Type, Direct Financing, and Leveraged Leases
Change in the provisions of a lease
Renewal or extension of an existing lease
Leases between related parties
Accounting for leases in a business combination
Accounting for changes in lease agreements resulting from refunding of tax-exempt debt
Sale or assignment to third parties; nonrecourse financing
Transfers of residual value (FASB ASC 860-10)
Sale-leaseback involving real estate
Leases involving land only—Lessee accounting
Leases involving land and building—Lessee accounting
Leases involving real estate and equipment
Leases involving only part of a building
Reporting of Current and Noncurrent Lease Receivable (Lessor) and Lease Obligations (Lessee)
PERSPECTIVE AND ISSUES
Lease transactions have grown in popularity over the years as many organizations look for new ways to finance ...
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