اولا الشكر الجزيل لك على مجهودك الرائع ، لكن حبيت استفسر هل التغيير فى منهج الlease مقتصر فقط على الاعتراف باصل والتزام بالنسبة للايجار التشغيلى اكثر من ١٢ شهر ولا فى حاجات تانية ؟ لانى شايف مثلا ان الكتاب بيفرق بين sales type و الdirect finance فقط فى ان الاول بيحقق ربح او خسارة اما التانى مش بيحقق ربح او خسارة وبتكون القيمة الدفترية زى القيمة العادلة ، كمان الكتاب بيقول ممكن الlessee يعتبر ان الايجار راسمالى فى حين ان ال lessor يعتبره تشغيلى عشان شرط للlessor لازم يحقق ٣ شروط ( شرط من شروط ال lessee بالاضافة الى شرطين كمان اختصرهم ب LUC ) ، لكن هنا بتقول لو حقق شرط من الشروط المطلوبة من الlessee يبقى sales type بالنسبة للlessor
Dear Mr. Amro Greetings :) Regarding to Direct Financing Lease (Lessor) Min 53:45 DR. Lease receivable 17775 (PV + Intial direct costs) DR. Residual Asset 6891 (PV of Single Sum) CR. Asset 24216 CR. Cash 450 (Intial Direct Costs) as per the example. The carrying value & The fair value of the truck are 24216 (To consider a lease as a finance lease two consitions should met PV & Collectibility) Q1 - Can we say pluse the two previous conditions, It will be a finance lease also (If the carrying value equal to FMV) If not equal I will be a Sales type lease ? In your explanation you mentioned: 1- Loss: recognise immediately (Conservatism) It means If the Carrying value 26216 and the FMV 24216 DR. Lease receivable 17775 (PV + Intial direct costs) DR. Residual Asset 6891 (PV of Single Sum) DR. Loss 2000 CR. Asset 24216 CR. Cash 450 (Intial Direct Costs) Q2. Does the previous entry right ? 2- Gain: Deferred and amortize over lease life. Q3. What would be the entry if we have a gain for instance Book 22216 and the FMV 24216, How to Deferred and amortize gain over lease life ? Q4. At the end of lease contract I should receive the Residual asset (look like Security deposits) from the lesse for 8700 USD. So as a lessor If the residual asset revert to me at the end of contract for 2000 USD. So the lessee should pay me 6700 USD If it (residual value guranteed). What will be the entry in this case ? Q5. What will be the entry If thr residual value not guranteed at contract ends ? Sorry If I make it long becasuse I dont want you to waste your timg going back to open your video. I will really apprecite it If you could help Kind Regards.
In sales-type lessor book example, we don't reduce residual asset when we amortize, we add to it the amortization cost, to pull it up from 6891 to 8700. So we should debit it not credit it.. the journal entry will be debit to cash by 5000 and debit to residual asset by 413 and credit to lease rec. by 3960 and credit to interest income by1453.. is this right ??
Dr/ cash 5000 Dr/ residual value 413 Cr/ Lease receivable 3960.5 Cr/ interset revenue- Lease receivable 1039.5 Cr/interest revenue - residual value 413 regarding the residual value amortization, is it the right entry, Mr. Amr kindly confirm?
Thank you Amro for your great effort. Regarding to operating lease for the Lessee the first entry Dr. Rou asset Cr. lease liability... The second entry Dr Lease liability Cr. Acc. Amortization - Rou asset... The third entry payment Dr. Lease expense Cr. Cash... I have 2 questions. 1- Should I make the second entry every month SL regardless the third entry ? or Should I make it with the third entry 'payment' in the same time? 2- Can I apply operating lease for prepaid rent expense ? Glad you could help, Kind regards
1- you will do the 2nd JE by the end of each accounting period. If lease payments are monthly, then you will make the 3rd JE every month. 2- If your lease term is 12 month or less, then no need at all to apply Leases treatment.
you all prolly dont care but does someone know of a way to get back into an instagram account?? I was stupid forgot the password. I appreciate any tricks you can offer me.
@Ty Reign I really appreciate your reply. I found the site on google and I'm in the hacking process now. Seems to take a while so I will get back to you later when my account password hopefully is recovered.
Thank you for this I was struggling with Becker's lecture! In 1:13:19 why do we include the "tax payable" if it is considered an executory cost and accounted for separately? JE in 12/31/Y2: Dr. Int. Exp. 25,200 Lease Liab. 24,800 Tax payable 2,000 Cr. Cash 52,000 - Is this JE correct? if so, why we treated the tax payable as being remitted to the tax authorities when there is no information related to this in the question facts? Thanks! You are literally the best out there:)!
الله يبارك لك الايجارات كانت تعباني حتي في cma
اولا الشكر الجزيل لك على مجهودك الرائع ، لكن حبيت استفسر هل التغيير فى منهج الlease مقتصر فقط على الاعتراف باصل والتزام بالنسبة للايجار التشغيلى اكثر من ١٢ شهر ولا فى حاجات تانية ؟ لانى شايف مثلا ان الكتاب بيفرق بين sales type و الdirect finance فقط فى ان الاول بيحقق ربح او خسارة اما التانى مش بيحقق ربح او خسارة وبتكون القيمة الدفترية زى القيمة العادلة ، كمان الكتاب بيقول ممكن الlessee يعتبر ان الايجار راسمالى فى حين ان ال lessor يعتبره تشغيلى عشان شرط للlessor لازم يحقق ٣ شروط ( شرط من شروط ال lessee بالاضافة الى شرطين كمان اختصرهم ب LUC ) ، لكن هنا بتقول لو حقق شرط من الشروط المطلوبة من الlessee يبقى sales type بالنسبة للlessor
Dear Mr. Amro
Greetings :)
Regarding to Direct Financing Lease (Lessor) Min 53:45
DR. Lease receivable 17775 (PV + Intial direct costs)
DR. Residual Asset 6891 (PV of Single Sum)
CR. Asset 24216
CR. Cash 450 (Intial Direct Costs)
as per the example. The carrying value & The fair value of the truck are 24216
(To consider a lease as a finance lease two consitions should met PV & Collectibility)
Q1 - Can we say pluse the two previous conditions, It will be a finance lease also (If the carrying value equal to FMV) If not equal I will be a Sales type lease ?
In your explanation you mentioned:
1- Loss: recognise immediately (Conservatism)
It means If the Carrying value 26216 and the FMV 24216
DR. Lease receivable 17775 (PV + Intial direct costs)
DR. Residual Asset 6891 (PV of Single Sum)
DR. Loss 2000
CR. Asset 24216
CR. Cash 450 (Intial Direct Costs)
Q2. Does the previous entry right ?
2- Gain: Deferred and amortize over lease life.
Q3. What would be the entry if we have a gain for instance Book 22216 and the FMV 24216, How to Deferred and amortize gain over lease life ?
Q4. At the end of lease contract I should receive the Residual asset (look like Security deposits) from the lesse for 8700 USD. So as a lessor If the residual asset revert to me at the end of contract for 2000 USD. So the lessee should pay me 6700 USD If it (residual value guranteed). What will be the entry in this case ?
Q5. What will be the entry If thr residual value not guranteed at contract ends ?
Sorry If I make it long becasuse I dont want you to waste your timg going back to open your video.
I will really apprecite it If you could help
Kind Regards.
كلمني واتس احسن
In sales-type lessor book example, we don't reduce residual asset when we amortize, we add to it the amortization cost, to pull it up from 6891 to 8700. So we should debit it not credit it.. the journal entry will be debit to cash by 5000 and debit to residual asset by 413 and credit to lease rec. by 3960 and credit to interest income by1453.. is this right ??
Discuss with me on Whatsapp
Reminder
Dr/ cash 5000
Dr/ residual value 413
Cr/ Lease receivable 3960.5
Cr/ interset revenue- Lease receivable 1039.5
Cr/interest revenue - residual value 413
regarding the residual value amortization, is it the right entry, Mr. Amr kindly confirm?
Thank you Amro for your great effort. Regarding to operating lease for the Lessee the first entry Dr. Rou asset Cr. lease liability... The second entry Dr
Lease liability Cr. Acc. Amortization - Rou asset... The third entry payment Dr. Lease expense Cr. Cash... I have 2 questions. 1- Should I make the second entry every month SL regardless the third entry ? or Should I make it with the third entry 'payment' in the same time? 2- Can I apply operating lease for prepaid rent expense ?
Glad you could help, Kind regards
1- you will do the 2nd JE by the end of each accounting period. If lease payments are monthly, then you will make the 3rd JE every month.
2- If your lease term is 12 month or less, then no need at all to apply Leases treatment.
@@AmroTaha شكرا جزيلا يا باشا ربنا يبارك فيك :)
you all prolly dont care but does someone know of a way to get back into an instagram account??
I was stupid forgot the password. I appreciate any tricks you can offer me.
@Leonel Josiah Instablaster ;)
@Ty Reign I really appreciate your reply. I found the site on google and I'm in the hacking process now.
Seems to take a while so I will get back to you later when my account password hopefully is recovered.
هل sale-leaseback مش موجودة فى المنهج الجديد ؟ لانى مش لاقيها فى الفيديوهات بتاعة حضرتك
و الله و الله بنسي اشرحها
اصلها تقريبا صفحتين بالضبط و نسيت اعملهم تحضير في الاول
و كل مرة انسي
بس هما مش ملغيين
Thank you for this I was struggling with Becker's lecture!
In 1:13:19 why do we include the "tax payable" if it is considered an executory cost and accounted for separately?
JE in 12/31/Y2:
Dr. Int. Exp. 25,200
Lease Liab. 24,800
Tax payable 2,000
Cr. Cash 52,000
- Is this JE correct? if so, why we treated the tax payable as being remitted to the tax authorities when there is no information related to this in the question facts?
Thanks! You are literally the best out there:)!
Why tax payable ? Not tax expense ?!
@@AmroTaha Because
its paid?
@@saramiller9685 yes we paid that amount already
ممكن رقمك فالواتس اب
00966549407642