A Study on the Effect of International Financial Reporting Standards 16: Leases Standard on the Financial Statements of Borsa Istanbul Companies

Berke Koc ()
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Berke Koc: Kırklareli University, Faculty of Applied Sciences, Department of Accounting and Finance Management, Kırklareli, Turkey

Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, 2022, vol. 0, issue 66, 113-136

Abstract: The boards that regulate accounting paradigms have published the IFRS standard to guide companies in presenting their financial information honestly, explicably, and transparently. One issue that the IFRS standard deals with is leasing transactions, which are explained in the IFRS 16 Leases section of the relevant standard. This study examines the financial statements of the companies operating in the BIST 100 index, excluding financial institutions and holdings, for the two years before and years after the implementation of the TFRS 16 standard. The study then presents the financial statement items affected by the leasing transactions and the companies’ financial ratios, thus showing the effect of the new leasing standard on the financial statements and ratios. As a result of the analyses, increases were determined in all of the main financial statement items. In addition to decrease in asset profitability and net profit margin ratios, an increase was observed in the ratios of total debt total assets and operating profit margin.

Keywords: Financial Lease; Operational Lease; IFRS 16 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ist:imeder:v:0:y:2022:i:66:p:113-136

DOI: 10.26650/MED.1004034

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