Accounting for Direct Financing Finance/Capital Leases: IFRS & ASPE (rev 2020)
Channel: The Business Doctor
Date: 2020-05-13

This video illustrates how to account for a Direct Financing lease from the lessor's perspective under Canadian IFRS and ASPE.

The video includes the following learning objectives:

LO1: Calculate Lease Payments from the LESSOR perspective.
LO2: Assess all relevant Financing/Capital Lease Classification Criteria for the LESSOR under both IFRS and ASPE.
LO3: Prepare necessary journal entries to account for a Direct-Financing Financing/Capital leases from the LESSOR perspective with
either an unguaranteed or guaranteed residual, and no transfer of ownership.
LO4: Prepare a partial income statement illustrating how Direct-Financing Financing/Capital leases are to be reported by the LESSOR.

Here's the problem data file to accompany this video:
https://drive.google.com/file/d/1O69bxLpnzYfvHsf-Gm_5ZIh2gTzZsOnx/view?usp=sharing