NO.PZ2019120301000009
问题如下：
Under US GAAP, a lessor’s reported revenues at lease inception will be highest if the lease is classified as:
选项：
A.a sales-type lease.
B.an operating lease.
C.a direct financing lease.
解释：
A is correct.
A sales-type lease treats the lease as a sale of the asset, and revenue is recorded at the time of sale equal to the value of the leased asset. Under a direct financing lease, only interest income is reported as earned. Under an operating lease, revenue from lease receipts is reported when collected.
- 首先它们是否都应被视作Finance Lease, 即本质是lessor出售资产给lessee,只不过lessee可以分期付款。初始计量资产端减去该lease asset的账面价值CV，加上应收融资租赁款项lease receivable asset，金额上应等于lease asset 的fair value，即未来现金流之和对应到现在的PV(CF）
- 而对于sales type 来说，CV和FV的差值可以记录到I/S的Gain/Loss；对于Direct Financing Lease, 因为公司主营业务更接近于贷款，所以可以视作CV=FV，即买入瞬间就出租，也就不存在差值selling profit/loss。
- 我的问题是，初始计量中，sales type应该是把该lease asset的CV确认为了rev; 那direct financing中，我们还会把该lease asset的CV确认为rev吗，还是说我们只在后续计量中确认interest income？
如果direct financing中lease asset的CV可以确认为rev, 那么为什么我们这道题不考虑loss的情况，如果FV 如果direct financnig中lease asset的CV不能确认为rev，那么在初始计量的时候I/S是没有任何变化吗？此时和Operating Lease的区别在哪里？ 谢谢老师解答
