对外财务报告决策7租赁会计

Assume interest rate is 4%. Present value of lease payment is $4,630. Assume straight-line depreciation over useful life with zero residual value.
融资租赁
融资租赁
Capital Lease – Lessor Accounting The lessor removes the leased asset from its financial statements (e.g. credits leased asset) and recognizes a receivable (e.g. debits lease receivable) for the present value of minimum lease payments (cash) to be received.
Because the leased asset is removed from the lessor’s books, no depreciation expense is recognized by the lessor for the leased asset.
Interest revenue recognized in the income statement.
租赁
A lease agreement transfers substantially all the benefits and risks of ownership of the asset to the lessee if at least one of the following criteria is met: • • The lease provides for the transfer of ownership of the leased property. The lease contains a bargain purchase option. A bargain purchase option gives the lessee the right to purchase the leased property for a price lower than its expected fair value at the date the option becomes exercisable. The lease term is 75% or more of the estimated economic life of the leased property. The present value of the minimum lease payments is at least 90% of the fair value of the leased property.
The leased asset is recognized in the lessee’s balance sheet. Thus, the lessee must depreciate it and recognize depreciation expense in the income statement. If the lease is capitalized because the lease either transfers ownership to the lessee by the end of the lease term or contains a bargain purchase option, the depreciation of the asset is over its entire estimated economic life. Otherwise, the asset is depreciated over the term of the lease.
融资租赁
Capital Lease – Lessor Accounting January 1, Year 1 Dr. Gross lease payments receivable 300,000 Cr. Unearned interest income 51,310 Cr. Property, plant and equipment 248,690 December 31, Year 1 Dr. Cash 100,000 Cr. Gross lease payments receivable 100,000
融资租赁
Capital Lease – Lessee Accounting
31-Dec-2013
Dr. P&L (Interest expense) 39 Cr. Finance lease obligation 39 Dr. Finance lease obligation 1,000 Cr. Cash 1,000 Dr. P&L (Depreciation) 926 Cr. Property, Plant and Equipment 926
融资租赁
Capital Lease – Lessee Accounting On 31 Dec 2009, a company leases equipment for 5 years with annual lease payment (rental) of $1,000 payable in advance. Assume that the lease constitutes a capital lease.
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融资租赁
Capital Lease – Lessee Accounting In a capital lease, the lessor transfers substantially all of the benefits and risks of ownership to the lessee. At the inception of the lease, the lessee recognizes in its financial statements the leased asset (e.g. debit tangible asset) and a lease liability (e.g. credit lease obligation) at an amount equal to the present value of the minimum lease payments. Minimum lease payments are the total amounts of cash that the lessee is expected to pay to the lessor over the lease term. It includes all the rental payments (including non-renewal penalty) plus the amount of residual value (or the minimum rental payments plus the amount of bargain purchase option).
CMA Part 1 外部财务报告决策 租赁会计
租赁
A lease is a long-term contract in which the owner of property (the lesser) allows another party (the lessee) to use the property for a stated period in exchange for a stated payment. The primary issue is whether the lease agreement transfers substantially all the benefits and risks of ownership of the asset to the lessee. • • If it does, the lease is classified as a capital lease. If it does not, the lease is classified as an operating lease.
融资租赁
Capital Lease – LesΒιβλιοθήκη Baiduee Accounting
31-Dec-2012
Dr. P&L (Interest expense) 75 Cr. Finance lease obligation 75 Dr. Finance lease obligation 1,000 Cr. Cash 1,000 Dr. P&L (Depreciation) 926 Cr. Property, Plant and Equipment 926
融资租赁
Capital Lease – Lessor Accounting December 31, Year 1 Dr. Unearned interest income 24,869 Cr. Finance income 24,869
融资租赁
Capital Lease – Lessor Accounting On January 1, Year 1, ABC, leased a machine to a company. ABC will receive three annual payments of $100,000 starting on December 31, Year 1. The lease is appropriately accounted for as a direct financing lease.
融资租赁
Capital Lease – Lessee Accounting 31-Dec-2011 Dr. P&L (Interest expense) 111 Cr. Finance lease obligation 111 Dr. Finance lease obligation 1,000 Cr. Cash 1,000 Dr. P&L (Depreciation) 926 Cr. Property, Plant and Equipment 926
Capital Lease – Lessee Accounting 31-Dec-2009 Dr. Property, Plant and Equipment 4,630 Cr. Finance lease obligation 4,630 Dr. Finance lease obligation 1,000 Cr. Cash 1,000
融资租赁
Capital Lease – Lessee Accounting Interest expense is calculated using the effective-interest method. It applies the appropriate interest rate to the carrying amount of the lease obligation at the beginning of each period to calculate interest expense.
融资租赁
Capital Lease – Lessee Accounting 31-Dec-2010 Dr. P&L (Interest expense) 145 Cr. Finance lease obligation 145 Dr. Finance lease obligation 1,000 Cr. Cash 1,000 Dr. P&L (Depreciation) 926 Cr. Property, Plant and Equipment 926