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Intermediate Leasing – November 2017

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

14.00 – 17.30    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 – 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

17.00 – 17.45    Industry overview – John Bennett

  • An independent consultant’s view

Day three

09.30 – 12.00    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


1
3.00 – 17.00    Lease Taxation – Tim Moon

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