1. Structural Comparison Matrix
Lessor frameworks determine how risk and return transfer to the buyer. They require classifying transactions into distinct presentation paths:
┌───────────────────────────────────────┬──────────────────────────────────────┐
│ IFRS 16 Lessors                       │ US GAAP ASC 842 Lessors              │
├───────────────────────────────────────┼──────────────────────────────────────┤
│ • Finance Leases                      │ • Sales-Type Leases                  │
│ • Operating Leases                    │ • Direct Financing Leases            │
│                                       │ • Operating Leases                   │
└───────────────────────────────────────┴──────────────────────────────────────┘

2. Technical Presentation of Lessor Records
  • Sales-Type Leases: Occur when control of the underlying asset transfers entirely to the lessee. At commencement, the lessor removes the asset from inventory, records a Lease Receivable equal to the net investment value, and recognizes immediate sales profit or loss in the income statement.
  • Direct Financing Leases (US GAAP Only): Occur when control does not transfer, but the lessor’s credit risk is covered by a combination of lessee payments and third-party residual value guarantees. Profit is deferred at commencement and recognized over the lease term using the effective interest method.
  • Operating Leases: The lessor keeps the physical asset in its property records and continues to apply standard depreciation. Income is recognized as rental revenue on a straight-line basis over the agreement term.

 
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