40.60 Accounting for Leases

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40.60 Accounting for Leases

2022-06-30

Sections

• 40.60.10 Right-To-Use Lease Agreements
  • 40.60.10.1 Short-Term Leases
  • 40.60.10.2 Financed Purchases
  • 40.60.10.3 DebtBook Tool
  • 40.60.10.4 Lease Term
  • 40.60.10.5 Valuing Lease Liability
  • 40.60.10.6 Contracts with Multiple Assets or Components
• 40.60.20 Right-To-Use Lease Agreements as Lessee
  • 40.60.20.1 Governmental Funds (Lessee)
    
    • 40.60.20.1.a Periodic Lease Payments
    • 40.60.20.1.b Short-Term Liability/Amortization Adjustment
    • 40.60.20.1.c Amortization Entries
    • 40.60.20.1.d Liability Reclassification Entries
    • 40.60.20.1.e End of Lease Entries
  • 40.60.20.2 Proprietary Funds (Lessee)
    • 40.60.20.2.a Periodic Lease Payments
    • 40.60.20.2.b Budgeted Proprietary Fund
    • 40.60.20.2.c Amortization
    • 40.60.20.2.d Reclassification Entries
    • 40.60.20.2.e End of Lease Entries
• 40.60.30 Right-To-Use Lease Asset (Lessor)
  • 40.60.30.1 Entries for Right-To-Use Lease Asset (Lessor)
    • 40.60.30.1.a Initial Entries
    • 40.60.30.1.b Re-Classify Revenue Entries
    • 40.60.30.1.c Year-End Deferred Inflow Entries
    • 40.60.30.1.d Re-Classify Long-Term to Short-Term Entries
    • 40.60.30.1.e Allowance for Uncollectible Entries
    • 40.60.30.1.f Lease End Entries
  • 40.60.30.2 Governmental Funds (Lessor)
  • 40.60.30.3 Proprietary Funds (Lessor)
    • 40.60.30.3.a Discounted Rent
    • 40.60.30.3.b Short-Term and Non-Capitalized Leases
    • 40.60.30.3.c Financial Statements Materiality
• 40.60.40 Subscription-Based IT Arrangements (SBITA)
  • 40.60.40.1 SBITA Overview
    • 40.60.40.1.a Overview
    • 40.60.40.1.b Short-Term SBITAs
    • 40.60.40.1.c Subscription Term
    • 40.60.40.1.d DebtBook Management Tool
    • 40.60.40.1.e  SBITA Capitalization Threshold
  • 40.60.40.2 Valuing the SBITA
    • 40.60.40.2.a SBITA Liability Value
    • 40.60.40.2.b SBITA Asset Value
    • 40.60.40.2.c Multiple Assets or Components SBITAs
  • 40.60.40.3 Accounting for SBITAs
    • 40.60.40.3.a Accounting for SBITAs Overview
    • 40.60.40.3.b SBITA Accounting in Governmental Funds
    • 40.60.40.3.c SBITA Accounting in Proprietary Funds
• 40.60.50 Public-Private and Public-Public Partnerships, and Availability Payment Arrangements
  • 40.60.50.1 Overview
  • 40.60.50.2 PPP Definitions
  • 40.60.50.3 Availability Payment Arrangements (APAs)
  • 40.60.50.4 Accounting for PPPs and APAs