Accounting For Leases Analysis Of The Ias 17 And Its Impact

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Accounting for Leases. Analysis of the IAS 17 and Its Impact

Author : Anonym
Publisher :
ISBN 13 : 9783668030985
Total Pages : 24 pages
Book Rating : 4.0/5 (39 download)

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Book Synopsis Accounting for Leases. Analysis of the IAS 17 and Its Impact by : Anonym

Download or read book Accounting for Leases. Analysis of the IAS 17 and Its Impact written by Anonym and published by . This book was released on 2015-08-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Investment and Finance, grade: 2,7, University of applied sciences, Munich, language: English, abstract: Leasing is nowadays an established part of the economy as an investment alternative. These figures are promising for the German market, but also comparable with the US. There the share of the investment market accounted for by leasing remained at over 30 percent for years. Due to the financial crisis this rate decreased, but it's rising again. In spite of the crisis leasing expanded its top position as an alternative to the classic bank loans over the past 50 years. Recognized as key engine of innovations, it even assures sufficient financial cushion for investments and contributes to growth dynamics in economies. But what exactly is leasing? There is no generally applicable definition of leases, but in its simplest form, it can be described as provision of access to finance. Leasing object can be anything as classical as machines or real estates, but also intangible assets as software or trademark rights. Leases are an important instrument of accounting policies for entities. In many sectors appropriate equipment is not bought, but leased. Therefore and because of the globalization of capital markets an increasing convergence of accounting standards worldwide is accelerated. The progress toward attaining a global financial reporting framework is focused, and many significant steps have been taken. One of them is the Exposure Draft ED/2013/6. The ambition of it was to guarantee transparency of financial statements as source of information for their readers of financial statements who can be managers, investors, financial auditors but also a big range of stakeholders. Reasons for revising was that the lease accounting model has continually met with criticism. Objective of the following term paper is to provide an overview of the current lease accounting standard.

Accounting for leases. Analysis of the IAS 17 and its impact

Author :
Publisher : GRIN Verlag
ISBN 13 : 3668030979
Total Pages : 21 pages
Book Rating : 4.6/5 (68 download)

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Book Synopsis Accounting for leases. Analysis of the IAS 17 and its impact by :

Download or read book Accounting for leases. Analysis of the IAS 17 and its impact written by and published by GRIN Verlag. This book was released on 2015-08-14 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Investment and Finance, grade: 2,7, University of applied sciences, Munich, language: English, abstract: Leasing is nowadays an established part of the economy as an investment alternative. These figures are promising for the German market, but also comparable with the US. There the share of the investment market accounted for by leasing remained at over 30 percent for years. Due to the financial crisis this rate decreased, but it's rising again. In spite of the crisis leasing expanded its top position as an alternative to the classic bank loans over the past 50 years. Recognized as key engine of innovations, it even assures sufficient financial cushion for investments and contributes to growth dynamics in economies. But what exactly is leasing? There is no generally applicable definition of leases, but in its simplest form, it can be described as provision of access to finance. Leasing object can be anything as classical as machines or real estates, but also intangible assets as software or trademark rights. Leases are an important instrument of accounting policies for entities. In many sectors appropriate equipment is not bought, but leased. Therefore and because of the globalization of capital markets an increasing convergence of accounting standards worldwide is accelerated. The progress toward attaining a global financial reporting framework is focused, and many significant steps have been taken. One of them is the Exposure Draft ED/2013/6. The ambition of it was to guarantee transparency of financial statements as source of information for their readers of financial statements who can be managers, investors, financial auditors but also a big range of stakeholders. Reasons for revising was that the lease accounting model has continually met with criticism. Objective of the following term paper is to provide an overview of the current lease accounting standard.

Improvements to IFRSs

Author : International Accounting Standards Board
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Improvements to IFRSs by : International Accounting Standards Board

Download or read book Improvements to IFRSs written by International Accounting Standards Board and published by . This book was released on 2010 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Accounting for leases

Author : Willem Sachse
Publisher : GRIN Verlag
ISBN 13 : 3638512134
Total Pages : 41 pages
Book Rating : 4.6/5 (385 download)

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Book Synopsis Accounting for leases by : Willem Sachse

Download or read book Accounting for leases written by Willem Sachse and published by GRIN Verlag. This book was released on 2006-06-21 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2004 in the subject Business economics - Accounting and Taxes, grade: 1,0, University of Bayreuth, course: A critical analysis of international financial reporting issues, language: English, abstract: The globalisation of capital markets is driving the increasing convergence of accounting standards worldwide. Recently, the progress toward attaining a global financial reporting framework has accelerated, and many significant steps have been taken. The most important step is the formation of the International Accounting Standards Board (IASB), which replaced the International Accounting Standards Committee (IASC), as part of a comprehensive restructuring of the international accounting standard-setting organisation in March 2001. Since then the acceptance and adoption of International Accounting Standards/International Financial Reporting Standards (IAS/IFRS), hereafter referred to as IFRS, has been growing rapidly. From 01 January 2005 all publicly traded European companies shall account for their consolidated accounts according to IFRS. In accordance with § 292a German Commercial Code (Handelsgesetzbuch,HGB)German parent companies may account for their consolidated accounts only according to international accepted accounting standards, according to prevailing opinion such are IFRS and the United States Generally Accepted Accounting Principles (USGAAP).Due to the Accounting Law Ref-ormation Act (Bilanzrechtsreformgesetz,BilReG)all publicly traded German companies shall account for their group accounts according to IFRS from 01 January 2005 except those that are already applying US GAAP (from 01 January 2007). Furthermore all enterprises may account for their individual accounts according to IFRS in addition to German Commercial Code which still is obligatory for tax, and profit determination and distribution purposes. Due to the commitment of applying IFRS for consolidated accounts international financial reporting issues need to undergo a closer examination. This paper deals with the accounting for leases. First current lease accounting standards are described with a focus on IAS 17 and its key differences to US GAAP and German Commercial Code. Next proposed improvements on current lease accounting standards are dealt with, focussing on new approaches discussed in the accounting and lease literature and a possible treatment of leases with optional features. After this the proposed approaches’ effect on profit determination and distribution is discussed. The final part offers a conclusion to some of the issues raised in this paper.

Accounting Theory

Author : Harry I. Wolk
Publisher : SAGE
ISBN 13 : 1412953456
Total Pages : 697 pages
Book Rating : 4.4/5 (129 download)

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Book Synopsis Accounting Theory by : Harry I. Wolk

Download or read book Accounting Theory written by Harry I. Wolk and published by SAGE. This book was released on 2008 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents complex materials in a clear and understandable manner. Incorporating the latest accounting standards and presenting the most up-to-date accounting theory from the top academic journals in accounting and finance throughout the world.

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.

Accounting for Leases

Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (8 download)

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Book Synopsis Accounting for Leases by :

Download or read book Accounting for Leases written by and published by . This book was released on 1988 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A comparison of leasing according to the treatment of different accounting principles and diverse treatment in loacal GAAP ́s of major industrial countries

Download A comparison of leasing according to the treatment of different accounting principles and diverse treatment in loacal GAAP ́s of major industrial countries PDF Online Free

Author : Andre Horst Grabowski
Publisher : GRIN Verlag
ISBN 13 : 3640854195
Total Pages : 19 pages
Book Rating : 4.6/5 (48 download)

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Book Synopsis A comparison of leasing according to the treatment of different accounting principles and diverse treatment in loacal GAAP ́s of major industrial countries by : Andre Horst Grabowski

Download or read book A comparison of leasing according to the treatment of different accounting principles and diverse treatment in loacal GAAP ́s of major industrial countries written by Andre Horst Grabowski and published by GRIN Verlag. This book was released on 2011-03-09 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wissenschaftlicher Aufsatz aus dem Jahr 2011 im Fachbereich Jura - Zivilrecht / Handelsrecht, Gesellschaftsrecht, Kartellrecht, Wirtschaftsrecht, , Sprache: Deutsch, Abstract: Leasing is more and more understood as a modern form of financing of various assets, both in the commercial and the private sector. Leases have now become an integral part of economic life. With their multiple creative possibilities and variations, leases are an equitable alternative to buying and renting for companies. The diversity of different forms of leasing, and the fact that there is no uniform lease contract as a reference, results in lease accounting being one of the most difficult areas of accounting under almost all jurisdictions. [1] This diversity leads to an accounting system for leasing business with different possibilities to allocate positions in the P & L and balance sheet. Due to the lack of specific rules, leasing accounting is mostly based on general accounting principles. [2] In Germany, relevant tax decrees have impact on the local accounting. Leases are, in principle, not fixed on legal contract types, and this allows temporary grant of use and utilization of liquidity-friendly financing alternatives in the balance-sheet. Since most major accounting systems presuppose exclusion of pending transactions from the balance sheet, [3] companies used contracts for grant of use, such as lease, deliberately to influence the accounting. For example, sale and leaseback transactions are used to reduce the balance-sheet debt, though the physical property mapping has not changed. [4] The current lease accounting under IFRS 17 of the IASB is to be understood as a reaction to the existing situation in the various accounting systems. The aim of the standard setter was to capture the major part of the grant of use in the balance sheet. All postings, which change the asset allocation similar to an investment, should also be accounted as such. [5] The concept of economic ownership divides any grant of use in leasing into two classes. The finance leases which, simply put, means all long-term and investment-like grants of use, and operating leases, which are any other grants of use. This was still not sufficient for IASB members. Therefore chaired by Warren McGregor, the IASB issued a joint project with the U.S. Federal Accounting Standards Board (FASB), and since 2006, the lease accounting is on the agenda as an active reform project. Basis for reform efforts was the socalled McGregor paper of 1996. [6] [...]

FRS 102

Author :
Publisher :
ISBN 13 : 9780754553625
Total Pages : pages
Book Rating : 4.5/5 (536 download)

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Book Synopsis FRS 102 by :

Download or read book FRS 102 written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Leases

Author : International Accounting Standards Committee
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Leases by : International Accounting Standards Committee

Download or read book Leases written by International Accounting Standards Committee and published by . This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

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.

Financial Instruments

Author : International Accounting Standards Committee
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Financial Instruments by : International Accounting Standards Committee

Download or read book Financial Instruments written by International Accounting Standards Committee and published by . This book was released on 2000 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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:

Accounting for leases under IFRS and HGB

Author :
Publisher : GRIN Verlag
ISBN 13 : 3346096149
Total Pages : 20 pages
Book Rating : 4.3/5 (46 download)

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Book Synopsis Accounting for leases under IFRS and HGB by :

Download or read book Accounting for leases under IFRS and HGB written by and published by GRIN Verlag. This book was released on 2020-01-14 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2019 in the subject Business economics - Accounting and Taxes, grade: 1,3, University of applied sciences Frankfurt a. M., course: International Finance & Accounting, language: English, abstract: The aim of this work is to show the accounting for leases under IFRS, HGB and to clarify the differences. The work devotes one main point to IFRS and one to the HGB. Each part gives an overview of the legal basics. This is followed by a classification of the leases in order to clarify the attribution of the leased object (hereinafter LO), which is relevant for the accounting. Finally, the accounting considered in detail by the lessor (hereinafter LG) or lessee (hereinafter LN). this is followed by a comparison of the approaches according to IFRS and HGB. The result concludes the work. This term paper does not deal with special leasing topics such as sales and leaseback or real estate leasing. The focus here is a simple lease, which arises, for example, when leasing a production plant.

Financial Accounting, Reporting, and Analysis

Author : Jennifer Maynard
Publisher : Oxford University Press
ISBN 13 : 0198745311
Total Pages : 933 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Financial Accounting, Reporting, and Analysis by : Jennifer Maynard

Download or read book Financial Accounting, Reporting, and Analysis written by Jennifer Maynard and published by Oxford University Press. This book was released on 2017 with total page 933 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering both technical and interpretative content, this is the only truly balanced financial accounting textbook to provide students not only with the 'how' and 'why' of financial information, but also guidance on what this means in practice.