Initial adoption of IFRS 16 in Colombia: evidence from a case study

Mario Andrés Peña Duarte, Ricardo Jesús Guerrero Díaz and Miguel Antonio Piñerez Flórez
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Mario Andrés Peña Duarte: Universidad Popular del Cesar Seccional Aguachica
Ricardo Jesús Guerrero Díaz: Universidad Popular del Cesar Seccional Aguachica
Miguel Antonio Piñerez Flórez: Universidad Popular del Cesar Seccional Aguachica

Revista Tendencias, 2026, vol. 27, issue 02, 1-31

Abstract: Introduction: IFRS 16 substantially changed lease accounting by requiring the recognition of right-of-use assets and lease liabilities, replacing the previous treatment of certain operating leases as period expenses. Objective: To analyze the accounting and financial impacts of the initial adoption of IFRS 16 in a private organization operating in the productive sector. Methodology: This research adopts a qualitative approach through a case study and documentary analysis of contracts, accounting policies, financial statements, measurement calculations, and tax reconciliations. Results: The adoption of the standard resulted in the recognition of right-of-use assets and lease liabilities, as well as impacts on deferred taxes, tax reconciliations, and financial indicators. Furthermore, it made visible contractual obligations that had not previously been reflected on the balance sheet. Discussion: The findings indicate that IFRS 16 enhances financial transparency; however, it also requires greater technical rigor in determining discount rates, assessing materiality, measuring lease contracts, and preparing disclosures, particularly due to its effects on EBITDA, leverage, and profitability. Conclusion: IFRS 16 transforms the accounting and financial management of leases by strengthening the traceability of assets, liabilities, and contractual risks.

Keywords: contractual agreement; property rights; financial statements; financing; taxes; leases (search for similar items in EconPapers)
JEL-codes: G12 G14 M40 M41 M48 M49 (search for similar items in EconPapers)
Date: 2026
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https://revistas.udenar.edu.co/index.php/rtend/article/view/10385/11302

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Persistent link: https://EconPapers.repec.org/RePEc:col:000520:023321

DOI: 10.22267/rtend.26272.295

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