Intermediate Accounting, 11th ed. Kieso, Weygandt, and Warfield. Chapter 21: Accounting for Leases. Chapter 21: Accounting for Leases. Menjelaskan Sifat, substansi ekonomi, dan keunggulan transaksi lease. Menjelaskan kriteria akuntansi dan prosedur utk mengkapitalisasi lease oleh lessee.
After studying this chapter, you should be able to:
According to the FASB:
Kriteria Kapitalisasi untuk Lessee:
Is there a bargain
Is lease term equal
to or greater than
75% of economic
Is present value
equal to or more
than 90% FMV?
Accounting by Lessee
A bargain purchase option
Pada awal lease, perbedaan antara hrg opsi dg nilai pasar wajar yg diharapkan hrs cukup besar shg realisasi dari opsi bisa dipastikan scr layak.
Dlm menetukan nilai sekarang dr pembayaran lease minimum, ada tiga konsep yg hrs dipertimbangkan:
The minimum lease payments include:
a. Jml tertentu dmn lessor memiliki hak utk meminta lessee membeli aktiva
b. Jml yg dijanjikan oleh penjamin lessee utk diperoleh lessor.
4) Penalti atas kegagalan memperbaharui atau memperpanjang lease.
5) bargain purchase option given to lessee
present value of (minimum lease payments and unguaranteed residual value) = fair value of the asset to lessor
Lessor classifies leases as one of the following:
To be classified as an operating lease:
To be classified as a direct financing lease the lease must meet group 1 criteria (same as lessee’s), and the following, group 2 criteria:
Group 1 criteria?
Is collectibility of
Does asset FMV
Lessor’s Criteria for Lease Classification
The following information is needed by lessor to record a direct financing lease:
Gross investment (lease payments receivable), consisting of:
the minimum lease payments and any unguaranteed residual value at the end of lease term
Unearned interest revenue (difference between gross investment and the FMV of the property)
Net investment (gross investment less unearned interest revenue)
For the lessee, the requirements for capital leases are:
For the lessor, the requirements for sales-type and direct-financing leases are:
For the lessor, the requirements for operating leases: