Asset Finance Accounting Part I
Training
Inhouse
Description
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Type
Training
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Methodology
Inhouse
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Duration
1 Day
Understand Accounting Standards and Lease Classification
Important information
Government funding available
Reviews
Course programme
MODULE PR1.4
Asset Finance Accounting Part I
Tutor: Alick C Mulhall, FINANCE INDUSTRY TRAINING
Dates: 21 January & 22 April 2009
Time 1400 – 1730
Topics
Accounting Standards and Lease Classification
UK Generally Accepted Accounting Principles (GAAP)
- SSAP 21
- the 90% test and how to carry it out
- FRS 5
International GAAP
- IAS 17
- IFRIC 4
- IFRS 5
US GAAP
- FASB 13
Lessee accounting
Accounting for finance charges
- the actuarial method
- sum of the digits (Rule of 78)
- straight line method
Deferred Tax
Depreciation – accounting and tax
Understanding the term: “tax capacity”
Deferred tax from the lessee and the lessor standpoint
Additional information
Asset Finance Accounting Part I