13. Leases: Lessee and Lessor Accounting

In this section

• Lease Accounting Standards: Comprehensive Overview
  Explore the principles and objectives of lease accounting standards, focusing on lessee and lessor accounting under IFRS 16 and ASC 842.
• Identifying a Lease: Understanding Lease Criteria in Accounting
  Explore the essential criteria for identifying a lease within a contract, focusing on the key elements that define lease agreements under IFRS and ASPE standards.
• Lessee Accounting: Right-of-Use Assets and Lease Liabilities
  Explore the intricacies of lessee accounting, focusing on the recognition and measurement of right-of-use assets and lease liabilities under IFRS 16 and ASPE. Understand the principles, calculations, and practical applications essential for Canadian accounting exams.
• Lessor Accounting: Operating and Finance Leases
  Explore the intricacies of lessor accounting for operating and finance leases, including classification, recognition, measurement, and disclosure requirements.
• Lease Classification Tests: Mastering the Criteria for Lessee and Lessor Accounting
  Explore the criteria for lease classification, understanding the distinction between finance and operating leases for both lessees and lessors, with practical examples and regulatory insights.
• Measurement of Lease Payments: Comprehensive Guide for Canadian Accounting Exams
  Discover the intricacies of measuring lease payments, including components, calculation methods, and practical examples tailored for Canadian accounting exams.
• Short-Term Leases and Practical Expedients: Simplifying Lease Accounting
  Explore the simplified accounting options for short-term leases, focusing on practical expedients and their application in Canadian accounting practices.
• Lease Modifications and Reassessments in Accounting
  Explore the intricacies of lease modifications and reassessments in accounting, focusing on IFRS 16 and ASC 842 standards. Learn how to account for changes in lease terms, conditions, and their impact on financial statements.
• Sale and Leaseback Transactions: Understanding Accounting Treatment and Practical Applications
  Explore the complexities of sale and leaseback transactions, including accounting treatment, practical applications, and compliance with Canadian accounting standards.
• Lease Disclosure Requirements: Essential Insights for Lessees and Lessors
  Explore comprehensive disclosure requirements for leases, detailing qualitative and quantitative information for lessees and lessors in Canadian accounting.
• Leveraged Leases: Understanding Complex Lease Arrangements
  Explore the intricacies of leveraged leases, a sophisticated lease arrangement involving third-party financing, and understand their implications in accounting.
• Impact of Leases on Financial Ratios and Analysis
  Explore how lease capitalization influences financial ratios and performance metrics, crucial for Canadian accounting exams.