BUS 321 Lecture Notes - Lecture 20: List Of Highest-Grossing Films, Fiscal Year, Finance Lease

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 321
• Professor: simonsuwanyangyuan

Document Summary

Lessor accounting under ifrs 16 is consistent with the existing accounting for lessors under ias 17. Risks and benefits of ownership transferred from lessor to lessee. The criteria to assess whether a lease is an operating lease or a finance lease are identical to the criteria used by the lessee: Under aspe, the same criteria are also used: (1) transfer of ownership, (2) lease term > 75%, and (3) pv of mlp > 90% of value; With two revenue recognition-based tests that must be passed: Teaching notes: bus 321 d200 summer 2017 page 1 / 6. Next, we have to distinguish between a manufacturer/dealer or sales-type lease and a financing-type lease. Normally arise when manufacturers or dealers use leasing as a way of marketing their products. The profit (or loss) to this lessor is the difference between the fair value of the leased property at the beginning of the lease, value).