Intermediate Accounting 2 | Lessor's Accounting - Direct Financing Lease (Part 1)

Intermediate Accounting 2 | Lessor's Accounting - Direct Financing Lease (Part 1)

𝗛𝗔𝗡𝗗𝗢𝗨𝗧: https://docs.google.com/document/d/1d...

References:
Valix, C.T., Peralta, J.F., & Valix, C.A.M. Intermediate Accounting, Volume 2
Millan, Z.V. Intermediate Accounting 2

Time stamps:
00:00 Classification of Finance Lease by the Lessor
00:45 Direct Financing Lease
10:31 Comparison of Accounting for N/R and Lease Receivable
15:57 Accounting Considerations
18:27 Problem-Solving

#Leases #FinanceLease #DirectFinancingLease

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𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳:

𝘛𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘷𝘪𝘴𝘪𝘵𝘪𝘯𝘨 𝘰𝘶𝘳 𝘠𝘰𝘶𝘛𝘶𝘣𝘦 𝘤𝘩𝘢𝘯𝘯𝘦𝘭.

𝘈𝘭𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘣𝘺 𝘶𝘴 𝘪𝘴 𝘧𝘰𝘳 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺.

𝘈𝘭𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘪𝘴 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘪𝘯 𝘨𝘰𝘰𝘥 𝘧𝘢𝘪𝘵𝘩. 𝘏𝘰𝘸𝘦𝘷𝘦𝘳, 𝘸𝘦 𝘮𝘢𝘬𝘦 𝘯𝘰 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘢𝘯𝘺 𝘬𝘪𝘯𝘥, 𝘦𝘹𝘱𝘳𝘦𝘴𝘴 𝘰𝘳 𝘪𝘮𝘱𝘭𝘪𝘦𝘥, 𝘳𝘦𝘨𝘢𝘳𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘢𝘤𝘤𝘶𝘳𝘢𝘤𝘺, 𝘳𝘦𝘭𝘪𝘢𝘣𝘪𝘭𝘪𝘵𝘺, 𝘰𝘳 𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦𝘯𝘦𝘴𝘴 𝘰𝘧 𝘢𝘯𝘺 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘷𝘪𝘥𝘦𝘰𝘴 𝘰𝘯 𝘰𝘶𝘳 𝘠𝘰𝘶𝘛𝘶𝘣𝘦 𝘤𝘩𝘢𝘯𝘯𝘦𝘭.

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𝐁𝐚𝐬𝐢𝐜 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
   • Basic Accounting - The Accounting Equation...  

𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐚𝐧𝐝 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩:    • Partnership Formation - Individuals with N...  

𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧:    • Accounting for Corporations - Share Capital  

𝐂𝐨𝐧𝐜𝐞𝐩𝐭𝐮𝐚𝐥 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐚𝐧𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
   • Statement of Financial Position (PAS 1)  

𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
𝐏𝐚𝐫𝐭 𝟏:    • Petty Cash Fund - Imprest Fund System  

𝐏𝐚𝐫𝐭 𝟐:    • Intermediate Accounting 2  

𝐑𝐞𝐯𝐢𝐞𝐰 𝐨𝐟 𝐈𝐧𝐭𝐞𝐫𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐓𝐨𝐩𝐢𝐜𝐬:    • Review of Intermediate Accounting Topics  

𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 (𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠) 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
   • Partnership Formation - Individuals with N...  

𝐂𝐨𝐬𝐭 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
   • Cost Accounting - Costs Concepts and Class...  

𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭:
   • Various Classifications of Costs