CORPORA∫E FINANCI八L MANAGEMEN」 PART VI ADVANCED TOPTICS chapter 19-20) 州小经份贫易大房 UNW原s方C等NTE3风制U方男0G0Cs
CORPORATE FINANCIAL CORPORATE FINANCIAL MANAGEMENT MANAGEMENT PART VI ADVANCED TOPTICS (chapter 19-20)
Chapter 19 LEASE FINANCING 肖外楂价贸多方善 YO年NEB证事00003
Chapter 19 Chapter 19 LEASE FINANCING
Introduction Lease contracts 2.Types of lease financing 3.Advantages and disadvantages to leasing 4.Tax and Accounting Treatment of Financial Leases 5.Valuing A Financial Lease 剥动楂份货多方是 YO年NEB证事00003
Introduction Introduction 1. Lease contracts 2. Types of lease financing 3. Advantages and disadvantages to leasing 4. Tax and Accounting Treatment of Financial Leases 5. Valuing A Financial Lease
1.Lease contracts ●eases Alternative to term financing Arrangements to transfer tax benefits ●Lessee Obtains use of an asset Specific period of time Ownership to lessor Agrees to make a series of payments to lessor 渊补楂价货多方号 YO年N0l到8E事0E00h03
1. Lease contracts 1. Lease contracts zLeases – Alternative to term financing – Arrangements to transfer tax benefits zLessee – Obtains use of an asset – Specific period of time – Ownership to lessor – Agrees to make a series of payments to lessor
2.Types of lease financing Operating lease Service lease Maintenance lease Maintenance and insurance included ●Financial lease Noncancellable Lessee responsible for Maintenance/Insurance/Property taxes Direct lease Sale and leaseback Leveraged lease Three-party financial lease Lessee Lessor Lender O Lease-Back Arrangements 剥外校份贫多方号 YO年NEB证事00003
2. Types of lease financing Types of lease financing z Operating lease Service lease Maintenance lease – Maintenance and insurance included z Financial lease – Noncancellable – Lessee responsible for Maintenance/Insurance/Property taxes – Direct lease – Sale and leaseback z Leveraged lease Three-party financial lease – Lessee – Lessor – Lender z Lease-Back Arrangements