PPT-Chapter 23 Performance and Obligations Under Sales and Leases

Copyright 2017 McGrawHill Education All rights reserved No reproduction or distribution without the prior written consent of McGrawHill Education Overview LO231 What is the perfect tender rule. ADJUSTED GROSS SALES IN EACH JURISDIC 13 WARNING:DO NOT use any other taxpayer's return as this will result in impropert credit.STATE TAX I.D.# OFFICE USE ONLYREMITTANCES PAYABLE TOBOSSIER CITY - PARI Introduction to Leases. . A lease is a legal contract between a tenant (lessee) and landlord (. lessor. ). Specifies the rights and obligations of the owner and user. A lease divides the “bundle of rights” in real estate into two interests. Breach of Sales and Lease Contracts. 1. Learning Objectives. What are the respective obligations of the parties under a contract for sale or lease of goods?. What is the perfect tender rule? . What options are available to the nonbreaching party when the other party to a sales or lease contract repudiates the contract prior to the time for performance?. Understand . the importance of leases from a business perspective.. Explain . the conceptual nature, economic substance, and advantages of lease transactions.. Identify . and apply the criteria that are used to determine the type of lease for accounting . October . 6, . 2010. This presentation has been prepared to help constituents understand the current status of projects of the FASB and IASB. . The views expressed in this presentation are those of the presenter. Official positions of the FASB and the IASB are reached only after extensive due process and deliberations.. Lease Accounting and. Operational Implications. Tim Shepard . Senior Manager, Financial Accounting Advisory Services. Ernst & Young LLP. November 18, 2016. Disclaimer. These slides are for educational purposes only and are not intended, and should not be relied upon, as accounting advice.. Unfunded Pension Liabilities and the Path Toward Municipal Financial Stability. © . 2016 by . James E. Spiotto. . . James E. Spiotto is the Co-Publisher of Muninet Guide and a retired partner of Chapman and Cutler LLP as well as Managing Director of Chapman Strategic Advisors LLC. This document is for informational purposes, general in nature and based on authorities that are subject to change. It is not intended as a recommendation or advice with regard to any action or inaction to be taken. The views expressed herein are solely those of the author and do not reflect the position, opinion or views of Chapman and Cutler LLP or Chapman Strategic Advisors LLC. For further reading: Presentation of James E. Spiotto to the Federal Reserve Bank of Chicago, “Unfunded Pension Obligations: Is Chapter 9 the Ultimate Remedy?” and to the American Law Institute, “Can Law Solve the Public Pension Problem?”, both available from the author; James Spiotto, . Identify a lease. Lessee: how big the liability will be?. Lessor accounting: what has changed?. Other lease accounting issues. Transition provisions. What do you need to do to get ready for 2019?. Agenda. LEARNING OBJECTIVES. Understand the basic concepts of lease accounting and identify. the . advantages and disadvantages of leasing.. Understand . lease contracts and determine how to separate. lease . Tuesday, March 21, 2017. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice.. 16th . Edition. Kieso . ●. . Weygandt . ●. . Warfield. . Explain . the nature, economic substance, and advantages of lease transactions. .. Describe . the accounting for leases by lessees.. LEARNING OBJECTIVES. A closer look at the new leases standard- Ind AS 116 CA (Dr.) Sanjeev Singhal CA Amit Jain 1 Content Background 2 Scope 3 New Definition of lease 4 Lessee accounting 5 Lessor accounting 6 Transition The way sales leaders have traditionally run their sales processes doesn’t optimize the use of technology. Visit: https://gryphonnetworks.com/ Sales acceleration is one of the most effective ways to improve your company’s revenue, and there are numerous strategies that can help ramp things up. Visit: https://gryphonnetworks.com/