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Accounting for Rentals

Written By irul on Sunday, January 18, 2009 | 2:11 AM

Accounting Treatment for rental business to the company's financial statements Accounting Standard No. 30 "Accounting rent", which set the criteria for the accounting treatment in order to rent a business transaction. PSAK accordance with, the lease for a business transaction that meets the following criteria are classified as lease financing for business (direct financing lease method):



1. The rent have tenant the option to buy the right assets at the end of rental business for the price that has been approved at the time it started with the rental agreement for the business.



2. All periodic payments made by tenants to the business plus the value of remaining guaranteed price includes repayment of the acquisition of capital goods and interest rates are profit company to rent a business (full payout lease).



3. Tenancy for a minimum of two years. Transaction in order to rent a business that does not meet one of the criteria mentioned above, using the method dibukukan rent lease (operating lease method).



Method lease financing to businesses, the excess of the amount of rent to the business and the guaranteed residual value on the acquisition price of assets in order to rent business, recorded as rental income for a business that has not been recognized, and will be recognized as income in accordance with the lease period at the highest periodically from a fixed supply of rental in order to analyze the business and will lease receivables on the balance sheet for the business. Satisfaction before the tenancy ended the business is considered as a cancellation of the contract rent for business and profit or loss arising is recognized in the current year.




Accounting for Consumer Financing

Consumer financing receivables are presented net after elimination doubtful receivables. cooperation agreement for consumer financing, the company provides only the portion of receivables that the company funded after elimination doubtful receivables.



Consumer financing income is recognized as income during the period of the financing agreement on the highest consumers of fixed consumer receivables financing.