 What Are the Origins of New Leasing Conceptual Models and How These Models Are Coming True in IFRS 16?Mariana Peprníčková ()
A chapter in The Impact of Globalization on International Finance and Accounting, 2018, pp 291-299 from Springer Abstract: Abstract The paper examines an origin of newly accepted lease accounting rules under IFRS 16. In historical context, searches for circumstances that had affected certain steps made by IASB in whole developing process of the new standard include also FASB’s role and perspectives. The conceptual lease accounting approaches are discussed in general in context with existing rules set out in IAS 17. The originally proposed innovative lease conceptual models are being analysed and compared in perspective of newly accepted IFRS 16. The substantial change of lessee accounting embodied in IFRS 16 has its origin in the proposed single approach by G4+1 in 1996, resp. 2000. The proposal of symmetrical solution for lessor accounting wasn’t finally achieved due to its complexity and lack of prospective benefits. Finally, the 10-year joint project of IASB and FASB on improvement of lease accounting did not result into two same standards. Keywords: Lease accounting; Lessee; Lessor; IFRS; IASB; FASB (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-68762-9_31 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-68762-9_31 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
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