Ingles Finanzas

FACULTY OF BUSINESS
ACCOUNTING SCHOOL
Leasing: Financial Leasing
COURSE:
Finance
AUTHOR:
Dávila Mendoza, Laura Gabriela
TEACHER:
Mg. Macahuachi Tananta, Jarvis Darío
Tarapoto - Perú
(2024)
ÍNDICE
INTRODUCCIÓN …………………………………………………. 03
DEVELOPMENT …………………………………………………. 04- 05
CONCLUSIONS …………………………………………………… 06
2
I. INTRODUCTIÓN
Leasing, also known as leasing, is a form of financing that allows a

company or individual to use an asset for a specific period of time in
exchange for periodic payments. Unlike the direct purchase of an asset, in
a leasing contract, the lessee does not acquire ownership of the asset at
the end of the lease period.
In a finance lease, the lessor (the leasing company) acquires the asset
requested by the lessee (the enterprise or individual using the asset) and
leases it to the lessee in exchange for periodic payments. The lessee
assumes responsibility for maintaining and insuring the asset during the
lease period.
Leasing can be an attractive option for companies wishing to use assets
such as equipment, machinery or vehicles without incurring the high initial
purchase costs. In addition, leasing may offer tax and financial benefits,
such as the possibility of deducting lease payments as operating
expenses.
It is important to note that there are different types of leasing, such as
financial leasing (leasing), where the lessee assumes most of the risks
and benefits associated with ownership of the asset, and operating
leasing, where the lessor retains ownership of the asset and the lessee
uses it for a specified period of time
3
II. DEVELOPMENT
Definition of Leasing and Financial Leasing
LEASING
Leasing is a contract through which a financial institution (lessor) transfers
the use of an asset to a client (lessee) for a specific period of time, in
exchange for the payment of periodic rents. At the end of the contract, the
lessee has the option to acquire the asset for a pre-established residual
value, renew the contract, or return the asset to the lessor.
FINANCIAL LEASING:
Financial leasing is a form of leasing in which the contract is designed in
such a way that ownership of the leased asset can be transferred to the
lessee at the end of the lease period, usually at a nominal or residual
price. This type of lease typically covers most of the useful life of the asset
and is structured to reflect long-term financing.
CHARACTERISTICS OF LEASING AND FINANCIAL LEASING:
Financial Flexibility
Leasing allows companies and individuals to use assets without making a
significant initial outlay, thus preserving their liquidity and financing
capacity for other needs.
Purchase option
At the end of the leasing contract, the lessee has the option to purchase
the leased asset at a pre-established residual price, generally lower than
the market value of the asset.
Fiscal benefits
In many countries, leasing payments may be tax deductible as operating
expenses, which may result in tax savings for the lessee.
Acceso a Tecnología Actualizada:
Companies can use leasing to access up-to-date technology and
equipment without committing to a long-term purchase, making it easier to
periodically renew their assets.
Risks and Maintenance:
Depending on the type of contract, the lessor may be responsible for the
maintenance and insurance of the property, reducing risks and costs for
the lessee.
4
TYPES OF LEASING
Operational Leasing
It is a short or medium-term lease contract where the lessor maintains
ownership of the asset and the associated risks. At the end of the contract,
the property is returned to the lessor, with no purchase option for the
lessee.
Financial Leasing
It is a long-term contract in which the lessee has the option to purchase
the asset at the end of the period for a residual value. This type of leasing
is similar to a loan, where the lessee amortizes the value of the asset
during the contract period.
Leaseback
It is an agreement where a company sells an asset it owns to a financial
institution and then leases it back. This allows the company to free up
capital while still using the asset.
ADVANTAGES AND DISADVANTAGES OF LEASING
Advantages
Capital Preservation
No large initial outlay required.
Flexibility
Options to renew, return or buy the property.
Fiscal benefits
Deduction of leasing payments as operating expenses.
Access to Updated Technology
Ease of updating equipment and technology.
Disadvantages
Total cost
In the long term, the total cost of leasing may be higher than that of
purchasing outright.
Contractual Commitments
Obligation to make payments throughout the contract period.
Restrictions
Possible restrictions on the use and modification of the leased property.
5
V. CONCLUSIONS:
 Leasing and financial leasing are essential financial instruments that offer a
viable alternative to the direct purchase of assets.
 They allow companies and individuals to manage their cash flow and capital
more efficiently, benefiting from flexibility and possible tax incentives.
• However, it is crucial to carefully evaluate the contract conditions and long-
term implications to make informed decisions that align with the entity's
financial and operational objectives.
6
VI. REFERENCIAS BIBLIOGRÁFICAS
Fundamentos de la Administración Financiera" por Stephen A. Ross,

Randolph W. Westerfield, J. Bradford Jordan, y Bettsy D. Huber (2018).
Este libro de texto clásico proporciona una introducción completa al
leasing, incluyendo su definición, características, ventajas y desventajas,
y aplicaciones prácticas.
"Leasing: Un análisis financiero" por José Luis Sánchez-Parodi

Pascual (2000). Este libro ofrece una visión en profundidad del leasing
desde una perspectiva financiera, incluyendo aspectos como el cálculo
de las cuotas, el valor residual y el impacto en el balance general de la
empresa.
Superintendencia de Mercado de Valores (SMV): [se quitó una URL

no válida]
La SMV proporciona información sobre la regulación y supervisión del
leasing en Perú, incluyendo normas contables y estadísticas del sector.
Asociación Peruana de Empresas de Leasing (APEL): [se quitó una

URL no válida]
APEL es el gremio que agrupa a las empresas de leasing en Perú. En su
sitio web encontrará información sobre el sector, noticias, eventos y
estudios sobre el leasing. exclamation
Bolsa de Valores de Lima (BVL): [se quitó una URL no válida]
La BVL ofrece información sobre los instrumentos de leasing que se
negocian en el mercado bursátil peruano.

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Ingles Finanzas

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FACULTY OF BUSINESS

Leasing: Financial Leasing

Leasing, also known as leasing, is a form of financing that allows a

Fundamentos de la Administración Financiera" por Stephen A. Ross,

"Leasing: Un análisis financiero" por José Luis Sánchez-Parodi

Superintendencia de Mercado de Valores (SMV): [se quitó una URL

Asociación Peruana de Empresas de Leasing (APEL): [se quitó una

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