A Theoretical And Empirical Analysis Of The Impacts Of The New Ifrs 16 Leasing Standard On Companies

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A Theoretical and Empirical Analysis of the Impacts of the New IFRS 16 Leasing Standard on Companies

Author : Dominik Lamers
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis A Theoretical and Empirical Analysis of the Impacts of the New IFRS 16 Leasing Standard on Companies by : Dominik Lamers

Download or read book A Theoretical and Empirical Analysis of the Impacts of the New IFRS 16 Leasing Standard on Companies written by Dominik Lamers and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, a separation exists between operating and finance leases, whereas only a finance lease foresees that assets and liabilities are being recognized on the balance sheet. From the year 2019 onwards, a new leasing standard will replace this doctrine which envisages that leases for lessees will be accounted for as an asset with an underlying lease liability. The new accounting rule implies significant financial and operational impacts for companies. Supported by expert interviews, this thesis explains these financial and operational impacts in detail and gives recommendations on how companies can manage the transformation. Results show that the leasing standard increases overall transparency, yet, loses its clarity during detailed, practical applications and leaves room for earnings management. The new leasing standard raises balance sheet amounts, whereas lease liabilities are higher than the underlying assets during the lease periods. The income statement is affected with non-linear relations and rising key ratios as well. In practice, the biggest obstacle is to identify all existing leasing contracts and to implement them in a manageable IT-tool.

IFRS 16 and Corporate Financial Performance in Italy

Author : Elisa Raoli
Publisher : Springer Nature
ISBN 13 : 3030716333
Total Pages : 130 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis IFRS 16 and Corporate Financial Performance in Italy by : Elisa Raoli

Download or read book IFRS 16 and Corporate Financial Performance in Italy written by Elisa Raoli and published by Springer Nature. This book was released on 2021-04-27 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an empirical analysis on how the new lease accounting model of IFRS 16 affects financial statements and performance of Italian companies. It discusses the theoretical framework of the off-balance sheet financing with a particular focus on the off-balance sheet lease contracts. Previous research provided controversial results about the potential impacts on the companies’ financial statement and performance deriving from leases capitalization. The application of different methodological approaches based on estimation of the expected effects resulted in inconclusive results. This book aims to measure the real impacts deriving from the post-implementation of the new lease accounting standard (IFRS 16) on companies’ financial statements, economic and financial performance, on market reactions and on financial statement’ users.

IFRS 16 and Corporate Financial Performance in Italy: Lease accounting framework and the development of international Accounting standards

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Author : Elisa Raoli
Publisher :
ISBN 13 : 9783030716349
Total Pages : 0 pages
Book Rating : 4.7/5 (163 download)

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Book Synopsis IFRS 16 and Corporate Financial Performance in Italy: Lease accounting framework and the development of international Accounting standards by : Elisa Raoli

Download or read book IFRS 16 and Corporate Financial Performance in Italy: Lease accounting framework and the development of international Accounting standards written by Elisa Raoli and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an empirical analysis on how the new lease accounting model of IFRS 16 affects financial statements and performance of Italian companies. It discusses the theoretical framework of the off-balance sheet financing with a particular focus on the off-balance sheet lease contracts. Previous research provided controversial results about the potential impacts on the companies' financial statement and performance deriving from leases capitalization. The application of different methodological approaches based on estimation of the expected effects resulted in inconclusive results. This book aims to measure the real impacts deriving from the post-implementation of the new lease accounting standard (IFRS 16) on companies' financial statements, economic and financial performance, on market reactions and on financial statement' users. .

IFRS 16 New Lease Accounting

Author : Sajal Arora
Publisher : WITSYNC Soft Solutions
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis IFRS 16 New Lease Accounting by : Sajal Arora

Download or read book IFRS 16 New Lease Accounting written by Sajal Arora and published by WITSYNC Soft Solutions. This book was released on 2020-03-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new era of lease accounting has been started with the introduction of International Financial Reporting Standard (IFRS) 16 – Leases. Leasing is a common form of finance for many businesses and will affect most of the companies involved in leasing and especially in sectors like the airline, telecom, retail, and shipping. Listed companies around the world having approx. The US $ 3.3 trillion worth of leases. The IFRS 16 will have a substantial impact on the financial statements and will improve the quality of financial information. This standard will bring significant transparency of companies' lease commitments. This book brings together 360 views from the computation of the present value of lease liability, accounting, presentation, disclosures, taxation impact, subsequent modification and many more.

Description and Analysis of the New IFRS 16 Accounting Standard

Author : Johann-Philipp Bechstein
Publisher :
ISBN 13 :
Total Pages : 69 pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Description and Analysis of the New IFRS 16 Accounting Standard by : Johann-Philipp Bechstein

Download or read book Description and Analysis of the New IFRS 16 Accounting Standard written by Johann-Philipp Bechstein and published by . This book was released on 2019 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the beginning of January 2019, the new international financial reporting standard IFRS 16 became operative. It replaces the preceding IAS 17 and comes along with far reaching changes for the lessee and the lessor. This thesis will review existing literature on the development of accounting lease standards to understand the need for change. Funded back in 1994 IAS was majorly characterized by its ”all-or-nothing” approach that implemented the categorization of leases into finance- and operating leases. Whilst a finance lease recognized assets and liabilities on the balance sheet, an operating lease did not. IFRS 16 changed this with the establishment of the “right-of-use-approach”. Staring in 2019 it will be relevant for most previous operating leases in the balance sheet. The second part will explain based on existing literature (e.g. Moralez-Diaz and Zamora-Ramírez, 2018; Löbach 2015) which impacts this development will have on the accounting principles, financial statements as well as on strategic- and operational orientation of a company. To expand the perspective on this topic the underlying impacts are empirically analyzed with the conductance of four expert interviews. These involved three industrial cornerstones that are affected by the implementation of the new standard: Lessees, Lessors and Auditors. An Aviation Company, an Insurance Company as well as two Auditing firms gave their personal insights towards possible financial impacts of IFRS 16. Concisely, the new accounting standard will increase balance sheet ratios, because of the “right-of-use” asset and its corresponding liability. The EBIT and EBITDA ratios increase on the income statement. At the same time the frontloading effect creates a non-linear relation of total lease expense over the periods. As to the currently persistent low level of interest rates, this effect will be reduced. Lastly, the cash flow statement is affected as well. IFRS 16 causes a reduction of cash for operating activities whereas cash outflow used for financing activities increases. Generally, this thesis shows that the IFRS 16 standard will have impacts on companies ́ finance ratios and also on management in general. As to the complex requirements that accounting faces since January, today ́s managers will need to achieve a better organizational- and IT structure to handle these impacts.

The Effect of the IFRS 16

Author : Emre Sari
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Effect of the IFRS 16 by : Emre Sari

Download or read book The Effect of the IFRS 16 written by Emre Sari and published by . This book was released on 2016 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new International Financial Reporting Standard (IFRS) 16 issued by the International Accounting Standards Board will significantly change accounting for leases. The most important issue is that operating leases beyond one year will be capitalized, which means Off-The-Balance Sheet (OBS) financing via operating lease is effectively eliminated. “IFRS 16: Leases” will fundamentally change the way that leases are accounted for and reported in financial statements. This paper tries to illustrate the impact of IFRS 16 on financial statements and financial ratios. The study is an ex ante research, simulating a predicted outcome of the new lease standard, which will be in effect after 1 January 2019. For this purpose, this research is applied to the Turkish retailing companies whose shares are publicly traded in the Istanbul Stock Exchange. The study uses the constructive capitalization method for these companies. The results indicate that new standard will have a statistically significant effect on some of the financial ratios tested (debt/asset, debt/equity, return on assets (ROA) and return on equity (ROE)) for 2010-2013.

The New Lease Accounting Standards (Topic 842)

Author : Yan Shi Gibson
Publisher :
ISBN 13 :
Total Pages : 195 pages
Book Rating : 4.:/5 (128 download)

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Book Synopsis The New Lease Accounting Standards (Topic 842) by : Yan Shi Gibson

Download or read book The New Lease Accounting Standards (Topic 842) written by Yan Shi Gibson and published by . This book was released on 2021 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: The accounting treatment for operating leases has attracted attention from both business and academic communities. The progression of the operating lease from short-term low-risk rental activity to an extensive financing vehicle to hide liabilities posed a challenge to the accounting profession. The new lease accounting standards were launched with a background full of controversies. This study provided evidential support for the material changes in reported financial data after implementing the new lease accounting standards. The hypotheses testings utilized the paired t-test and its non-parametric alternative, Wilcoxon, to investigate the significance of the year-over-year differences in financial performance metrics measuring firms’ asset efficiency, profitability, financial leverage, liquidity, and credit risk. The research results revealed significant changes in every category of financial performance. Firms with operating leases demonstrated more volatility in financial performance than firms not engaged in operating leases. Asset efficiency and profitability decreased while financial leverage increased. Other than expected higher assets and liabilities, most firms in the Standard & Poor’s (S&P) Industrial Sector ended up with higher equity and cash holding positions. The significance of the changes in financial ratio reflects the magnitude of the differences in reported financial data pre and post the implementation of the new lease accounting standards.

Effects of IFRS 16 on Key Financial Ratios

Author : José Morales-Díaz
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Effects of IFRS 16 on Key Financial Ratios by : José Morales-Díaz

Download or read book Effects of IFRS 16 on Key Financial Ratios written by José Morales-Díaz and published by . This book was released on 2018 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: In January 2016, the IASB issued a new standard for lease accounting (IFRS 16). IFRS 16 will lead to the capitalisation of the majority of current operating leases by lessees. We analyse the impact of the new accounting model on entity's key financial, contributing to research by making significant changes in the Imhoff et al. (1991, 1997) methodology used by previous authors. We change how the lease term is estimated (more aligned with the final approved standard), and how the discount rate is obtained. Furthermore, we use a more comprehensive sample (646 quoted European companies). In line with previous research we find important systematic impacts on key balance sheet financial ratios (mainly leverage ratios), on a magnitude that depends on the operating lease intensity of the sector in which the entity operates. Our estimated impact is generally higher than that obtained in previous studies. The most affected sectors are retail, hotels and transportation. We do not find a consistent result with regard to the effect on profitability ratios.

COMPANY VALUATION UNDER IFRS - 3RD EDITION

Author : Nick Antill
Publisher : Harriman House Limited
ISBN 13 : 0857197770
Total Pages : 286 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis COMPANY VALUATION UNDER IFRS - 3RD EDITION by : Nick Antill

Download or read book COMPANY VALUATION UNDER IFRS - 3RD EDITION written by Nick Antill and published by Harriman House Limited. This book was released on 2020-02-11 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated. The influence of International Financial Reporting Standards (IFRS) on accounting across the world is stronger than ever. Most importantly, this stems from the mandatory adoption of IFRSs in many parts of the world, including Europe, Canada, Australia, Brazil and, with some relatively small exceptions, China. Additionally, foreign registrants in the US are also permitted to use IFRS by the SEC. The impact of IFRSs also extends to accounting developments as the IASB and the FASB work closely together to formulate new standards such as those recently issued on leasing and revenue recognition. It is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions. Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter. The book addresses the implications for analysis, modelling and valuation of key aspects of IFRS, all updated for recent developments, including: - Pensions - Stock options - Derivatives - Provisions - Leases - Revenue recognition - Foreign currency The text also sets out the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis. A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance companies, real estate companies and technology companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition.

Positive Accounting Theory

Author : Ross L. Watts
Publisher :
ISBN 13 : 9789867491138
Total Pages : 388 pages
Book Rating : 4.4/5 (911 download)

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Book Synopsis Positive Accounting Theory by : Ross L. Watts

Download or read book Positive Accounting Theory written by Ross L. Watts and published by . This book was released on 2004 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Analysis of the Effect of the Implementation of IFRS 16 Leases on the Financial Ratios of Retail Companies Listed on the JSE

Author :
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (126 download)

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Book Synopsis Analysis of the Effect of the Implementation of IFRS 16 Leases on the Financial Ratios of Retail Companies Listed on the JSE by :

Download or read book Analysis of the Effect of the Implementation of IFRS 16 Leases on the Financial Ratios of Retail Companies Listed on the JSE written by and published by . This book was released on 2021 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effect -- Financial ratios -- Financial statement -- International Accounting Standards -- IAS 17 Leases -- IFRS 16 Leases -- JSE -- Lease -- Lessee -- Operating leases -- Retail companies.

The Effect of Capitalizing Operating Leases on US-Based Retail Companies

Author : Cédric Planner
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (114 download)

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Book Synopsis The Effect of Capitalizing Operating Leases on US-Based Retail Companies by : Cédric Planner

Download or read book The Effect of Capitalizing Operating Leases on US-Based Retail Companies written by Cédric Planner and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: After ten years of developing a new accounting standard for leases, the FASB issued ASC 842 on February 25th, 2016 to improve transparency and comparability of financial statements across companies. The following paper investigates the effect of capitalizing operating leases onto the balance sheet of US-based retail companies. As a basis, the author will present and elaborate on the theoretical fundamentals of the newly established standard ASC 842 through various sources of literature in order to afterwards establish a comprehensive research design. As a result of the research design, an empirical analysis will be conducted using various financial information from Form 10-K documents of each company within the sample to examine the effect of capitalizing operating leases on key financial metrics. According to the results, the paper justifies that capitalizing operating leases onto the balance sheet of US-based retail companies has the potential to create more transparency and comparability, but it will take some time. Furthermore, the results show that the capitalization of operating leases onto the balance sheet has a significant impact on key financial metrics. This impact will manifest itself in the form of individual companies needing to re-negotiate their debt or remuneration contracts.

Eurasian Business and Economics Perspectives

Author : Mehmet Huseyin Bilgin
Publisher : Springer Nature
ISBN 13 : 3030940365
Total Pages : 430 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Eurasian Business and Economics Perspectives by : Mehmet Huseyin Bilgin

Download or read book Eurasian Business and Economics Perspectives written by Mehmet Huseyin Bilgin and published by Springer Nature. This book was released on 2022-03-28 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBES conferences have been intellectual hub for academic discussion in economics, finance, and business fields and provide network opportunities for participants to make long lasting academic cooperation. This is the 21st issue of the Eurasian Studies in Business and Economics (EBES’s official proceeding series) which includes selected papers from the 34rd EBES Conference – Athens. Due to the COVID-19, the conference presentation mode has been switched to "online/virtual presentation only”. In the conference, 148 papers by 296 colleagues from 40 countries were presented. Both theoretical and empirical papers in this volume cover diverse areas of business, economics, and finance from many different regions. Therefore, it provides a great opportunity to colleagues, professionals, and students to catch up with the most recent studies in different fields and empirical findings on many countries and regions.

IFRS 16: the New Leasing Standard and Its Impact on Two Different Industry Sectors

Author : Alina Fallert
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)

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Book Synopsis IFRS 16: the New Leasing Standard and Its Impact on Two Different Industry Sectors by : Alina Fallert

Download or read book IFRS 16: the New Leasing Standard and Its Impact on Two Different Industry Sectors written by Alina Fallert and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The New Lease Accounting Standard

Author : Lisa Maria Mayer
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The New Lease Accounting Standard by : Lisa Maria Mayer

Download or read book The New Lease Accounting Standard written by Lisa Maria Mayer and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Business Models for the Circular Economy Opportunities and Challenges for Policy

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264311424
Total Pages : 114 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis Business Models for the Circular Economy Opportunities and Challenges for Policy by : OECD

Download or read book Business Models for the Circular Economy Opportunities and Challenges for Policy written by OECD and published by OECD Publishing. This book was released on 2019-04-03 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural resources, and the materials derived from them, represent the physical basis for the economic system. Recent decades have witnessed an unprecedented growth in demand for these resources, which has triggered interest from policy makers in transitioning to a more resource efficient and ...

Global Economic Challenges

Author : Nesrin Özataç
Publisher : Springer Nature
ISBN 13 : 3031234162
Total Pages : 195 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Global Economic Challenges by : Nesrin Özataç

Download or read book Global Economic Challenges written by Nesrin Özataç and published by Springer Nature. This book was released on 2023-03-08 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents current developments in the fields of banking and finance from an international perspective. Featuring contributions from the 6th International Conference on Banking and Finance Perspectives (ICBFP), this volume serves as a valuable forum for discussing current issues and trends in the banking and financial sectors, especially in light of the global economic challenges triggered by financial institutions. Using the latest theoretical models, new perspectives are brought to topics such as international monetary policy, Islamic finance, microfinance, fintech, and capital flight. Offering an opportunity to explore the challenges of a rapidly changing industry, this volume will be of interest to academics, policy makers, and scholars in the fields of banking, insurance, and finance.