Contents:

Module 1: Understanding the Leasing Industry Introduction Overview of the leasing industry Elements of a lease The lease process Glossary Answers to exercises Module 2: Lease Classification Introduction Introduction to accounting Financial statements Recording transactions – double entry accounting Introduction to taxation Financial reporting classification of a lease Overview of tax classification of a lease Legal considerations Conclusions Glossary Answers to exercises Module 3: Lease Versus Purchase Analysis Introduction Lessee reasons to lease Lessor motivations to provide leasing services Lease versus purchase decision process Lease versus purchase analysis Lease versus purchase case study Glossary Answers to exercises Solutions to case study Module 4: Financial reporting considerations Introduction Review of IAS 17 Accounting for substance – applying IAS 17 Lease classification Glossary Answers to exercises Module 5: Tax considerations Introduction Terminology Consequences of tax ownership Cost recovery systems Corporate tax rates Tax credits Value of depreciation Gross profit tax deferral Tax products Glossary Answers to exercises Module 6: Lease Structuring and Pricing Introduction Definition Structuring theory and methodology Pricing lease transactions Case studies Glossary Answers to exercises