关于融资租赁两个分摊率的思考  

Reflection on the Two Rate of Sharing Financial Lease Expenses

作　　者：王新平[1] 

机构地区：[1]西安财经学院,陕西西安710061

出　　处：《西安财经学院学报》2003年第4期40-42,共3页Journal of Xi’an University of Finance & Economics

摘　　要：融资费用分摊率是承租人采用实际利率法确认当期融资费用的分摊率,其实质是融资租赁这种筹资方式的税前资本成本,即能使未来现金流出量的现值等于实际筹资额时的折现率;租赁内含利率是出租人采用实际利率法确认当期融资收入的分摊率,其实质是出租人的租赁投资报酬率,即能使未来现金流入量的现值等于租赁投额时的折现率。本文从财务管理的角度来进一步诠释融资费用分摊率及租赁内含利率的上述实质,以期对承租人、出租人进行租赁业务决策有所裨益。Financial expense sharing rate is the rate the lessee comfirms in terms of real interest rate. The crux is the capital cost before tax of financial lease way. That is the discount rate when the present value of future flow-out cash equals to the real financial amount. Lease return rate imputed is the sharing rate the lessor confirms in terms of real interest rate. The crux is the discount rate of the future flow-in cash present value equals to the lessor's investment. This paper discusses the above question from the angle of financial management.

关 键 词：融资租赁 融资费用分摊率 资本成本 财务管理 实际利率法 会计准则 会计制度 

分 类 号：F832.49[经济管理—金融学] F233.2