ACCT2011 S1 2012 Week 5 Leases 6pp.pdf

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1、2/04/2012Objective&ScopeofAASB117AccountingforLeasesWeek5ExclusionsHowever,AASB117doesnotapplyasthebasisofmeasurementforthefollowingleasedassets:[AASB117.2]-propertyheldbylesseesthatisaccountedforasinvestmentpropertyforwhichACCT2011FinancialAccountingAthelesseeusesthefair

2、valuemodelsetoutinAASB140-investmentpropertyprovidedbylessorsunderoperatingleases(AASB140)-biologicalassetsheldbylesseesunderfinanceleases(AASB141)BUSINESSSCHOOL-biologicalassetsprovidedbylessorsunderoperatingleases(AASB141)4LearningObjectives&ReadingLeaseFinanceinAustral

3、ia2011http://www.aela.asn.au/Current_Activity_and_Prospects.htm•HPHCh.12AccountingforLeases(excludesections12.1.6and12.4)•LO1–LO10(excludeLO11)seeHPHp.351•AASB117Leases•AASBInterpretation4(IFRIC4)DeterminingWhetheranArrangementContainsaLease(Paragraphs6-15andIllustrativeE

4、xamplesIE1–IE4)•UIGInterpretation115(SIC15):OperatingLeases–Incentives[awarenessonly]•Qantas2011AnnualReport–pp.18,57,59,Note5p.66.Note28p.87-8[forillustrationonlyofpolicyanddisclosures]25Objective&ScopeofAASB117IntroductionObjectiveWhatisalease?TheobjectiveofAASb117istop

5、rescribe,forlesseesandlessors,Aleaseisanagreementwherebythelessorconveystothelesseeintheappropriateaccountingpoliciesanddisclosurestoapplyinreturnforapaymentorseriesofpaymentstherighttouseanassetrelationtofinanceandoperatingleases.foranagreedperiodoftime.ScopePartiestothe

6、Lease:PartiestotheLease:AASB117appliestoallleasesotherthanleaseagreementsforLessorminerals,oil,naturalgas,andsimilarregenerativeresourcesandTheowneroftheassetthatconveystherighttousetheassetforalicensingagreementsforfilms,videos,plays,manuscripts,patents,specifiedperiodof

7、timeinreturnforaseriesofpaymentscopyrights,andsimilaritems.[AASB117.2]LesseeThepartyenteringintoaleaseagreementwithalessorwhohastherighttousetheassetinreturnforaseriesofpayments3612/04/2012IntroductionIntroductionLeaseAgreement•Whatimpactthishasonthefinancialpositionandpe

8、rformanceoftheentitydependsonhowtheleaseisclassifiedContractusuallyspecifies:•Leaseperiodandpaym