IFRS 16 –LEASING – FROM THE PERSPECTIVE OF THE LESSOR

Kremena Ilieva ()
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Kremena Ilieva: University of Economics –Varna, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 318-329

Abstract: The report clarifies major differences between the new standard IFRS 16 Leases in comparison with the superseded IAS 17 Leases concerning lessors. In its considerable part comments on the topic of the new standard are concentratedto the impact on the lessees and changes for lessors are neglected. The purpose of this report is to present the impact of the standard on lessors, as well as to clarify major changes in accounting, presentation and disclosurefrom their perspective.In this sense, the focus is on sale and leaseback transactions and the assessment of whether the transfer is a sale or not, subleases, requirements for accounting a lease modification and the additional disclosures regarding lease transactions in the financial statements.

Keywords: Lease; lessor; sale and leaseback; sublease; lease modification (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:318-329

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