Programme: Intermediate Leasing

PROGRAMME

Day one

09.30 – 13.00    Credit Risk Assessment - Malcolm Rogers

  • Introduction to transaction risk
  • Credit risk
  • Fraud risk
  • Role play: set up a credit committee, consider real life applications and assess for commonly seen fraudulent transactions

BREAK

13.45 – 17.00    Lease Modelling - George Tonks

  • ‘Hands on’ construction of a lease
  • Review of lessors’ cash flow, with and without taxation
  • Review, from a lessor’s point of view, the attractiveness of lease finance
  • Practical exercises throughout


Day two

09.30 – 13.00     The Impact of Leasing on Accounts - John Williamson

  • Current lease accounting rules
  • Differences between finance leases and operating leases
  • Practical and commercial considerations when constructing a lease
  • Implications of International Financial Reporting Standards (IFRS)
  • Differences between UK Generally Accepted Accounting Principles (GAAP) and US GAAP
  • Future accounting developments and their impact

BREAK

13.45 – 16.45   Lease Taxation

  • Taxation implications from a lessee and lessor perspective
  • Impact of lease terms and considerations on tax treatment and lease pricing
  • Case study evaluations

16.45 – 17.30    Industry overview - John Bennett

  • An independent consultant’s view

Day three

09.30 – 17.00    Lease Documentation - David Malempre

  • Traditional ownership methods employed by lessors
  • Facility letter, offer letter
  • Detailed lease terms
  • Other methods available to secure a lessee’s obligations
  • Ancillary documentation
  • Interactive case studies throughout

 

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