NO.PZ2024030503000164
问题如下:
Question Under which of the following classifications of leases will a lessor derecognize the leased asset and recognize a lease receivable on the balance sheet at lease inception?选项:
A.Only a finance lease under IFRS B.Only an operating lease under US GAAP C.Both a finance lease under IFRS and an operating lease under US GAAP解释:
Solution-
Correct because the accounting for lessors is substantially identical under IFRS and US GAAP. Under both accounting standards, lessors classify leases as finance or operating leases, which determines the financial reporting. At finance lease inception, the lessor recognizes a lease receivable asset equal to the present value of future lease payments and de-recognizes the leased asset, simultaneously recognizing any difference as a gain or loss.
-
Incorrect because the accounting for lessors is substantially identical under IFRS and US GAAP. Under both accounting standards, lessors classify leases as finance or operating leases, which determines the financial reporting. The accounting treatment for an operating lease is different in that, because the contract is essentially a rental agreement, the lessor keeps the leased asset on its books and recognizes lease revenue on a straight-line basis.
-
Incorrect because the accounting for lessors is substantially identical under IFRS and US GAAP. Under both accounting standards, lessors classify leases as finance or operating leases, which determines the financial reporting. The accounting treatment for an operating lease is different in that, because the contract is essentially a rental agreement, the lessor keeps the leased asset on its books and recognizes lease revenue on a straight-line basis.
•
Question Under which of the following classifications of leases will a lessor derecognize the leased asset and recognize a lease receivable on the balance sheet at lease inception?