Leases (Section 20)

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Leases (Section 20) by Mind Map: Leases (Section 20)

1. Recognition and measurement

1.1. Determining whether an arrangement contains a lease

1.2. Lease classification

1.2.1. Finance lease or operating lease?

1.2.2. Inception of the lease vs commencement of the lease

1.3. Finance leases

1.3.1. Accounting by lessees

1.3.2. Accounting by lessors

1.3.3. Manufacturer or dealer lessor

1.4. Operating leases

1.4.1. Accounting by lessees

1.4.2. Accounting by lessors

1.4.3. Sale and leaseback transactions

2. Presentation and disclosure

2.1. Lessees

2.2. Lessors

2.2.1. Lessors – finance leases

2.2.2. Lessors – operating leases

2.3. Sale and leaseback transactions

2.4. Companies Act requirements

2.5. Example notes

2.5.1. Lessee’s operating lease commitments

2.5.2. Lessor’s reconciliation for finance leases

3. Scope and definitions

3.1. Quick overview

3.2. Definitions

3.3. Scope

4. Current issues and further resources

4.1. Current issues

4.1.1. Covid-19 considerations

4.1.2. Transition

4.2. Further resources

4.2.1. Disclosure checklist

4.2.2. eCPD module: Charity Accounting and Coronavirus