7. Leases

In this section

• Lessee Accounting under ASC 842/IFRS 16
  Comprehensive guide to Lessee Accounting under ASC 842 and IFRS 16, focusing on recognition, measurement, and reporting of lease contracts from the lessee's perspective.
• Lessor Accounting: A Comprehensive Guide to Lease Classification and Income Recognition
  Explore the intricacies of lessor accounting, including lease classification, income recognition, and practical examples for Canadian accounting exams.
• Lease Classification Tests
  Explore the criteria used to determine whether a lease is a finance lease or an operating lease, with detailed explanations and examples.
• Initial Measurement of Leases: Comprehensive Guide for Canadian Accounting Exams
  Explore the initial recognition and measurement of lease assets and liabilities, focusing on Canadian accounting standards and practices. This guide provides detailed explanations, practical examples, and exam-focused insights to help you master lease accounting for Canadian accounting exams.
• Subsequent Measurement and Reassessment of Lease Liabilities and Assets
  Explore the intricacies of subsequent measurement and reassessment of lease liabilities and assets, focusing on Canadian accounting standards and practical applications.
• Sale and Leaseback Transactions in Accounting: A Comprehensive Guide
  Explore the intricacies of sale and leaseback transactions in accounting, focusing on recognition, measurement, and reporting under Canadian standards.
• Lease Modifications and Terminations: Comprehensive Guide for Canadian Accounting Exams
  Explore the intricacies of lease modifications and terminations in accounting, focusing on Canadian standards. Learn about the accounting treatments, practical examples, and regulatory considerations essential for Canadian accounting exams.
• Lease Disclosures: Comprehensive Guide for Accounting Exams
  Explore the essential disclosures related to leases under Canadian accounting standards, focusing on IFRS 16 and ASC 842. Understand the requirements for lessees and lessors, including financial statement impacts, qualitative and quantitative disclosures, and practical examples.
• Impact on Financial Ratios and Covenants: Lease Accounting
  Explore how lease accounting affects financial ratios and compliance with debt covenants, crucial for Canadian accounting exams.
• Embedded Leases: Identification and Accounting in Canadian Financial Reporting
  Explore the identification and accounting for embedded lease components within contracts, focusing on Canadian accounting standards and practical applications.
• Short-term and Low-value Leases: Simplifying Lease Accounting
  Explore practical expedients for short-term and low-value leases, focusing on recognition, measurement, and reporting under Canadian accounting standards.
• Leveraged Leases: Understanding Accounting for Multi-Party Lease Agreements
  Explore the complexities of leveraged leases, involving lessors, lessees, and third-party financing, with detailed insights into accounting standards, practical examples, and exam-focused guidance.
• Residual Value Guarantees in Lease Accounting
  Explore the intricacies of residual value guarantees in lease accounting, focusing on recognition, measurement, and reporting under Canadian accounting standards.
• Operating Lease Incentives: Understanding Accounting for Lessors and Lessees
  Explore the comprehensive guide to operating lease incentives, their accounting treatment, and implications for financial reporting in the Canadian accounting landscape.
• Lease Accounting Technology: Streamlining Compliance and Efficiency
  Explore the transformative role of technology in lease accounting, focusing on software solutions that enhance compliance with ASC 842 and IFRS 16, improve efficiency, and provide strategic insights.
• Transition to New Lease Standards
  Explore the adoption of new lease accounting standards, including transitional provisions and practical examples for Canadian accounting exams.