The "acquisition of a leased asset" is considered for our purposes to be the entry of the leased asset in the FI-AA System. This does not necessarily mean that the leased asset must be capitalized. You can enter a leased asset simply to manage purely statistical data. You handle the leased asset as a master record, with no values in the book or tax depreciation areas.

Posting the acquisition of a leased asset may be necessary for one of the following reasons:

• You have received a new leased asset (goods receipt).

• You need to change the way bookkeeping is handled for a leased asset due to a change in the conditions of the lease.

• You need to post a leased asset to a new asset master record due to a transfer.

Before posting the acquisition of the leased asset, you must determine the bookkeeping method to be used, either:

• Capitalization of the leased asset to fixed assets, with the present value of the future lease payments and depreciation of the present value (capital lease)

• Statistical management of the leased asset (no capitalization), and direct posting of the lease payments as rental expense in the profit and loss statement (operating lease)