Lease Accounting: A Review of Recent Literature

Elisabetta Barone, Jacqueline Birt, S. Moya

Producción científica: Artículo en revista indizadaArtículorevisión exhaustiva

21 Citas (Scopus)

Resumen

Current lease accounting standards classify leases as either operating or finance leases. Operating leases do not require recognition of lease assets or lease liabilities on the balance sheet. Proposed changes to lease accounting would require a lessee to recognise assets and liabilities for most leases over 12 months and may improve the quality and comparability of financial reporting of the entity. In this paper we summarise the literature that can be related, directly or indirectly to the proposed changes by the IASB and the FASB on lease accounting. In summary, the literature highlights that the proposed changes would potentially have economic implications for both preparers and users of accounting reports; including changes to financial ratios, assessment of risk and providing an audit of the accounting reports.

Idioma originalInglés
Páginas (desde-hasta)35-54
Número de páginas20
PublicaciónAccounting in Europe
Volumen11
N.º1
DOI
EstadoPublicada - ene 2014
Publicado de forma externa

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