Český finanční a účetní časopis 2016(4):83-97 | DOI: 10.18267/j.cfuc.487

IFRS 16 Leases

Dana Dvořáková
Dana Dvořáková; katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <ddvorak@vse.cz>.

This article is aimed at the analysis of the newly created standard IFRS 16 Leases. This standard has radically changed the accounting and reporting of leases by the lessee. The standard has abandoned the classification of operating and financial lease and categorically requires that the lessee report all liabilities and assets resulting from leasing contracts. It deals with the benefits as well as with the risks which the standard brings from the point of view of the declarative value of financial statements in comparison with the previous standard IAS 17 Leases.

Keywords: Lessee; Accounting; Leases; International Financial Reporting Standards.
JEL classification: M41

Published: December 1, 2016  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Dvořáková, D. (2016). IFRS 16 Leases. Czech Financial and Accounting Journal, 2016(4), 83-97. doi: 10.18267/j.cfuc.487
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. ALEXANDER, D., BRITTON, A., JORISSEN, A., 2015. International Financial Reporting and Analysis. London: Thomson.
    2. BEATTIE, V., EDWARDS, K., GOODACRE, A., 1998. The impact of constructive operating lease capitalization on key accounting ratios. Accounting and Business Research, roč. 28, č. 4, s. 233-254. doi: 10.1080/00014788.1998.9728913. Go to original source...
    3. EY [Ernst & Young], 2011. International GAAP 2011: Generally Accepted Accounting Practice under International Financial Reporting Standards. Chichester: John Wiley & Sons Ltd.
    4. EY [Ernst & Young], 2016. Leases a summary of IFRS 16 and its effects [online]. [cit. 4. 12. 2016]. Dostupné z: <http://www.ey.com/Publication/vwLUAssets/eyleases-a-summary-of-ifrs-16-and-its-effects-may-2016/%24FILE/ey-leases-asummary-of-ifrs-16-and-its-effects-may-2016.pdf>.
    5. FITÓ, A. M., MOYA, S., ORGAZ, N., 2013. Considering the Effects of Operating Lease Capitalization on Key Financial Ratios. Spanish Journal of Finance and Accounting, roč. 42, č. 159, s. 341-369. doi: 10.1080/02102412.2013.10779750. Go to original source...
    6. HORNGREN, CH. T., HARRISON, W. T., 1989. Accounting. Engelwood Cliffs, New Jersey: Prentice Hall.
    7. IASB [International Accounting Standards Board], 2016. International Financial Reporting Standards. London: IFRS Foundation.
    8. JANASOVÁ, B., 2013. Vyhodnocení přístupu k nové standardizaci leasingu podle IASB. Český finanční a účetní časopis, roč. 8, č. 4, s. 110-127. doi: 10.18267/j.cfuc.359. Go to original source...
    9. LEWIS, R., PENDRILL, D., 2004. Advanced Financial Accounting. Glasgow: Prentice Hall.
    10. NEEDLES, B. E., POWERS, M., CROSSON, S. V., 2008. Financial and Managerial Accounting. Boston: Houghton Mifflin.
    11. PWC [PricewaterhouseCoopers], 2016a. IFRS 13: The leases standard is changing [online]. [cit. 4. 12. 2016]. Dostupné z: <http://www.pwccn.com/webmedia/doc/635965684392818662_leases_standard_changing_jan2016.pdf>.
    12. PWC [PricewaterhouseCoopers], 2016b. IFRS 13: A study on the impact of lease capitalization IFRS 16: The new leases standard [online]. [cit. 4. 12. 2016]. Dostupné z: <https://www.pwc.nl/nl/assets/documents/pwc-a-study-on-theimpact-of-lease-capitalisation.pdf>.
    13. PWC [PricewaterhouseCoopers], 2016c. IFRS 13: In depth IFRS 16: a new era of lease accounting. [online]. [cit. 4. 12. 2016]. Dostupné z: <http://www.pwccn.com/webmedia/doc/635930315658389102_indepth_ifrs16_new_mar2016.pdf>.

    This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content