Leasing Contracts in US GAAP and IAS-17
International Accounting Standard 17 provides complete guidelines about leasing contracts and treatment of various leasing agreements. The accounting treatment for Lessee and Leaser is different in IAS 17. According to IAS 17, two main kinds of leasing contracts are used and these are financial lease and operating lease. The lease contracts about mines, oil, natural resources, films, movies, drams, playwriting, copy writes and these kinds of agreement are not included in calculation of IAS 17. Cont... (1000 words of this report)
Introduction
Leasing Contracts Kinds
Operating Leases
Leases of finance
Accounting Treatment for lease kinds
Operating leases
Leaser
Lessee
Leases of Finance
Calculation of leased assets according to leaser
Calculation of leased assets according to lessee
Dissimilarities between GAAP and IAS 17 regarding leased agreements
Leases of sales
Land and Building difference
Leased payments or Present Value
Leveraged Leases
Sale-and-Leaseback Transaction costs
Sale-and-Leaseback Transactions Involving Real Estate
Conclusion
References
Leasing Contracts Kinds
Operating Leases
Leases of finance
Accounting Treatment for lease kinds
Operating leases
Leaser
Lessee
Leases of Finance
Calculation of leased assets according to leaser
Calculation of leased assets according to lessee
Dissimilarities between GAAP and IAS 17 regarding leased agreements
Leases of sales
Land and Building difference
Leased payments or Present Value
Leveraged Leases
Sale-and-Leaseback Transaction costs
Sale-and-Leaseback Transactions Involving Real Estate
Conclusion
References
