Lecture - Leases - Part 1 (Intermediate Financial Accounting II) скачать в хорошем качестве

Lecture - Leases - Part 1 (Intermediate Financial Accounting II)

This video will begin our lecture for Chapter 19, Leases. As I mentioned in class, this is a heavy chapter, it contains 13 learning objectives. Part 1 of the lecture will cover the first 7 learning objectives (learning objective 7 is continued in part 2 of the lecture), so is more than half the material. 1. Understand the importance of leases from a business perspective. 2. Explain the conceptual nature, economic substance, and advantages of lease transactions. 3. Calculate the lease payment that is required for a lessor to earn a specific return. 4. Identify and apply the factors that are used to determine if a contract is or contains a lease under IFRS 16 and whether leases are capital or operating leases under the ASPE classification approach. 5. Account for right-of-use assets by lessees under IFRS 16 and capital leases under ASPE. 6. Determine the effect of, and account for, residual values and purchase options for a lessee’s right-of-use asset (I F R S) or a capital lease (ASPE). 7. Account for operating leases by lessees under ASPE (and short-term leases and low-value leases under I F R S 16) and compare the operating and capitalization methods of accounting by lessees. Chapter 19 Part 1 Lecture #16 (overall)