IntermediateAccountingSeventeenth EditionKieso; Weygandt; WarfieldChapter 21Accounting for Leases Learning ObjectivesAfter studying this chapter, you should be able to:1.Describe the environment related to leasing transactions.2.Explain the accounting for finance leases.3.Explain the accounting for operating leases.4.Discuss the accounting and reporting for special features of lease arrangements.
2 Preview of Chapter 21 (1 of 3)Accounting for LeasesThe Leasing Environment•Lessees•Lessee lease advantages•Lessors•Lessor lease advantages•Conceptual nature of a lease•Finance and operating leases•Lease classification3 Preview of Chapter 21 (2 of 3)Finance Leases•Lessee accounting and finance lease example•Lessor accounting•Sales-type lease exampleOperating Leases•Lessee accounting•Lessor accounting4
2 Preview of Chapter 21 (1 of 3)Accounting for LeasesThe Leasing Environment•Lessees•Lessee lease advantages•Lessors•Lessor lease advantages•Conceptual nature of a lease•Finance and operating leases•Lease classification3 Preview of Chapter 21 (2 of 3)Finance Leases•Lessee accounting and finance lease example•Lessor accounting•Sales-type lease exampleOperating Leases•Lessee accounting•Lessor accounting4
