Leases: Lessor Perspective—Recording the Lease (Portfolio 5129)

  • This Portfolio explains, analyzes and illustrates the recording of leases from the lessor’s perspective as well as the disclosure requirements relevant to leases.


Tax Portfolio 5129, Leases: Lessor Perspective–Recording the Lease (Accounting Policy & Practice Series) explains, analyzes and illustrates the recording of leases from the lessor’s perspective. The Portfolio also discusses the disclosure requirements relevant to leases.

The Portfolio explains and illustrates in detail how a lessor should record a sales-type lease, a direct financing lease, an operating lease and a leveraged lease. The sixth in a subseries of Portfolios on accounting for leases, this work augments , Accounting for Leases: Fundamental Principles; , Leases: Lessor Perspective – Economics; and , Leases: Lessor Perspective – Classification.

The FASB and the International Accounting Standards Board (IASB) are collaborating to revise and converge their standards on Accounting for Leases. This Portfolio will be updated as necessary to reflect any new rules or principles. For a summary of the most recently proposed rules and their potential impact on lessor accounting, see , Accounting for Leases: Fundamental Principles at Section I.D.

This Portfolio may be cited as Tax Portfolio , Sebik and Starczewski, Leases: Lessor Perspective – Recording the Lease (Accounting Policy and Practice Series).

Table of Contents

I. Introduction and Scope of Portfolio
II. Recording a Sales-Type Lease
III. Recording a Direct-Finance Lease
IV. Issues Applicable to Both Sales-Type Leases and Direct-Finance Leases
V. Recording an Operating Lease
VI. Accounting for the Acquisition of a Residual Interest

Joseph Sebik
Siemens Corp
Lisa Starczewski
Buchanan Ingersoll & Rooney PC

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