Leases SFAS 13, November 1976 “Accounting for Leases” Sale-Leaseback 1. Entity A sell a property to Entity B 2. Entity B leases the property to
Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the lease term
Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the lease term
Leases SFAS 13, November 1976 “Accounting for Leases” Lease classification criteria (A) Ownership transfer –> Ownership is transferred by the end of the
Interest on Receivables and Payables APB Opinion 21, August 1971 “Interest on Receivables and Payables” Note exchanged for cash 1. Present value of the note
Capitalization of interest SFAS 34, October 1979 “Capitalization of Interest” Qualifying assets for interest capitalization 1. Assets that are constructed or produced –> for the