Page 9 - pwc-lease-accounting-guide_Neat

Table of contents

5 Modification and remeasurement of a lease

5.1 Chapter overview ..................................................................................................................5-2
5.2 Accounting for a lease modification – lessee ......................................................................5-2
5.3 Accounting for lease remeasurement – lessee ...................................................................5-5

5.4 Lessee reassessment of the short-term lease measurement and
recognition exemption .........................................................................................................5-30

5.5 Accounting for a lease termination – lessee .......................................................................5-30
5.6 Accounting for a lease modification – lessor ......................................................................5-32

5.7 Accounting for a lease termination – lessor .......................................................................5-45

6 Sale and leaseback transactions
6.1 Chapter overview ..................................................................................................................6-2

6.2 Sale and leaseback transactions ..........................................................................................6-2
6.3 Determining whether a sale has occurred ..........................................................................6-3
6.4 When the transaction qualifies as a sale .............................................................................6-15

6.5 Transaction is not accounted for as a sale (failed sale and leaseback) ..............................6-23

7 Leveraged leases
7.1 Chapter overview ..................................................................................................................7-2
7.2 Definition and characteristics of a leveraged lease ............................................................7-2

7.3 Changes to a leveraged lease arrangement .........................................................................7-3
7.4 Leveraged leases acquired in a business combination .......................................................7-7

8 Other topics

8.1 Chapter overview ..................................................................................................................8-2
8.2 Subleases...............................................................................................................................8-2

8.3 Sale of leased assets .............................................................................................................8-5
8.4 Sale of lease receivables and residual assets .......................................................................8-6
8.5 Sales of equipment with guaranteed minimum resale amount .........................................8-8

8.6 Business combinations ........................................................................................................8-10
8.7 Sales-type lease for a failed sale with a repurchase option ................................................8-11

9 Presentation and disclosure
9.1 Chapter overview ..................................................................................................................9-2

9.2 Lessees ..................................................................................................................................9-2
9.3 Lessors ..................................................................................................................................9-7

9.4 Sale and leaseback transactions ..........................................................................................9-13

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