The two most complex transactions of SFRS(I)16 leasing standard are (i) Sale and lease back transactions and (ii) accounting for intermediate lessor.
Join this webinar as the presenter will help simplify the understanding and provide practical tips on how to carry out the double entries for these two complicated areas of leasing arrangements.
Intermediate Lessor – Transactions Involving Properties
Sale and Leaseback Transactions for both Seller-lessee and Buyer-lessor
Accounting Treatments for Seller-lessee
- the portion of the asset relating to right-of-use asset retained by the seller-lessee
- the amount of the gain or loss relating to the rights transfer to the buyer-lessor
Accounting Treatments for Buyer-lessor
- deciding the classification of the asset purchase
- deciding the lease to seller-lessee to be classified as either operating lease or finance lease
Dealing with Initial and Subsequent Accounting for both Seller-lessee and Buyer-lessor when:
Deciding whether the Transaction is a Sale
Danny Tan has over 40 years of working experience in public practice, commerce and industry.
In the last 25 years he is a partner of a consulting firm providing technical training and consultancy in financial reporting topics. His clients’ profiles include multinational companies, governments, regulators and professional institutions, auditors and lawyers. Danny held several honorary advisory roles in financial reporting committees and working group in IFRS technical issues. He is currently a project manager with the Malaysian Accounting Standards Board.