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Participants in this course receive in-depth coverage of the broad principles of leasing, including tax, accounting, legal, and finance issues. Both lessor and lessee perspectives are addressed throughout this seminar. Case studies and other group activities are used to reinforce the learning experience and provide insight into all aspects of equipment leasing.
NOTE: Bring a financial calculator. The HP12C/17B/19B are the calculators utilized in class. Suggested precourse material has been prepared and is available by clicking here.
This seminar is also available in Spanish. See Leasing in Latin America for additional details.
Course Outline
| Financial Calculations (Pre-course materials) | |
| Level and uneven cash flow streams | |
| Internal rate of return (yield) | |
| Early terminations (payoffs) | |
Legal
Considerations |
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| Understanding the Uniform Commercial Code | |
| Repossession, termination, and bankruptcy | |
| Critical lease documentation | |
| The Language of Leasing | |
| Industry status and direction | |
| Transaction terminology | |
| Lessor types | |
| Discerning Lessee Needs | |
| Group case studies | |
| Overcoming lessee objections | |
| Understanding the lease/buy decision | |
| Financial Reporting Issues | |
| Lessor and lessee accounting | |
| Understanding FASB 13 | |
| Off balance sheet leases | |
| Lease Economics | |
| Yields and transaction analysis | |
| Pretax lease pricing concerns | |
| Creating "win-win" transactions | |
| The importance of ROA and ROE | |
| Income Tax Considerations | |
| Lessor and lessee tax presentation | |
| IRS tax guidelines and procedures | |
| The economic impact of MACRS | |
| AMT, midquarter, TRAC, tax-exempt, and other tax products | |
Benefits
NOTE:
The Alta Group Professional Development Division is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional educaton on the National Registry of CPE Sponsors.
State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.
If, for any reason, you are dissatisfied with any of our seminars, you may repeat that seminar tuition-free.
In the event that, for whatever reason, The Alta Group Professional Development Division does not conduct any seminar, registrants agree that their sole and exclusive remedy shall be limited to either the refund of any prepaid registration fees or the applciation of such fees to any future Alta seminar. In no event shall The Alta Group Professional Development Division be liable for any damages (including, but not limited to, airfare), special, consequential, incidental, or otherwise.
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