Accounting for Leases (2007)Topics and Contents |
| Preface |
| About the Authors |
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| Section I: Interpretations |
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| Introduction To Leases |
| Paragraphs 1-4: Scope |
| Definition of Terms |
| Paragraph 5(A): Related Parties in Leasing Transactions |
| Paragraph 5(B): Inception of the Lease |
| Paragraph 5(C): Fair Value of the Leased Property |
| Paragraph 5(D): Bargain Purchase Option |
| Paragraph 5(E): Bargain Renewal Option |
| Paragraph 5(F): Lease Term |
| Paragraph 5(G): Estimated Economic Life of Leased Property |
| Paragraph 5(H): Estimated Residual Value of Leased Property |
| Paragraph 5(I): Unguaranteed Residual Value |
| Paragraph 5(J): Minimum Lease Payments |
| Paragraph 5(K): Interest Rate Implicit in the Lease |
| Paragraph 5(L): Lessee's Incremental Borrowing Rate |
| Paragraph 5(M): Initial Direct Costs |
| Paragraph 5(N): Contingent Rentals |
| Paragraph 5(O): Penalty |
| Classification of Leases |
| Paragraph 6: Lease Classification |
| Criteria for Classifying Leases (Other Than Leveraged Leases) |
| Paragraph 7: Criteria for Classifying Leases |
| Paragraph 8: Lessor's Additional Criteria for Classifying Leases |
| Paragraph 9: Changes in Lease Provisions and Estimates |
| Accounting and Reporting By Lessees |
| Paragraphs 10-11: Capital Leases |
| Paragraph 12: Accounting for Capital Lease Payments |
| Paragraph 13: Presentation of Assets Under Capital Leases |
| Paragraph 14: Accounting for Changes in Capital Lease Provisions and Renewals, Extensions,
Or Terminations of Capital Leases By Lessees |
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| Paragraph 15: Operating Leases |
| Paragraph 16: Disclosures |
| Accounting and Reporting By Lessors |
| Paragraph 17: Sales-Type Leases |
| Paragraph 18: Direct Financing Leases |
| Interpretations Applicable To Both Sales-Type and Direct Financing Leases |
| Paragraph 19: Operating Leases |
| Paragraph 20: Participation By Third Parties |
| Paragraph 21: Sale of Property Subject To an Operating Lease |
| Paragraph 22: Accounting When Sale Is Treated as a Collateralized Borrowing |
| Paragraph 23: Disclosures |
| Leases Involving Real Estate |
| Paragraph 24: Overview |
| Paragraph 25: Leases Involving Land Only |
| Paragraph 26: Leases Involving Land and Building(S) |
| Paragraph 27: Leases Involving Equipment as Well as Real Estate |
| Paragraph 28: Leases Involving Only Part of a Building |
| Leases Between Related Parties |
| Paragraphs 29-31: Leases Between Related Parties |
| Sale-Leaseback Transactions |
| Paragraphs 32-33: Seller-Lessee's Accounting for Sale-Leaseback Transactions |
| Paragraph 34: Lessor's Accounting for Sale-Leaseback Transactions |
| Sale-Leaseback Transactions Involving Real Estate |
| Paragraph 34A: Scope of Fasb Statement No. 98 |
| Paragraph 34B: Criteria for Sale-Leaseback Accounting |
| Paragraph 34C: "Normal" Leasebacks |
| Paragraph 34D: Terms of the Sale-Leaseback Transaction |
| Paragraph 34E: Continuing Involvement |
| Paragraph 34F: Forms of Continuing Involvement from Fasb Statement No. 66 |
| Paragraphs 34G-34H: Other Forms of Continuing Involvement |
| Paragraphs 34I-34K: Sale-Leaseback Transactions By Regulated Enterprises |
| Paragraphs 34L-34M: Financial Statement Presentation and Disclosure |
| Accounting and Reporting for Subleases and Similar Transactions |
| Paragraph 35: General |
| Paragraphs 36-37: Accounting By Original Lessor |
| Paragraphs 38-39: Accounting By Original Lessee |
| Paragraph 40: Accounting By the New Lessee |
| Accounting for Leases in a Business Combination |
| Paragraphs 40A-40E: Application of Fasb Statement No. 13 in a Business Combination |
| Accounting and Reporting for Leveraged Leases |
| Paragraphs 41-42: Accounting and Reporting for Leveraged Leases |
| Paragraph 43: Net Investment in a Leveraged Lease |
| Paragraphs 44-45: Accounting for a Leveraged Lease Over Its Term |
| Paragraph 46: Changes in Important Assumptions Affecting Leveraged Leases |
| Paragraph 47: Financial Statement Presentation and Disclosure |
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| Section II: Future Expectations and Future Projects |
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| Recent Developments |
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| Section III: Appendices |
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| Appendix I: Use of Special-Purpose Entities in Leasing Transactions |
| Appendix II: Index of Accounting Literature Affecting Leasing Transactions |
| Appendix III: SEC Staff Letter On Accounting for Leasehold Improvements and Lease Incentives |
| Index |