Economic Effects of IFRS 16 Implementation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00113831" target="_blank" >RIV/00216224:14560/19:00113831 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Economic Effects of IFRS 16 Implementation
Original language description
This paper is devoted to the economic effects of implementing the IFRS 16 Lease standard, which came into force on 1 January 2019. The new standard limits off-balance sheet accounting and lease reporting for asset lessees. The aim of the research is to characterize the development tendencies on the world, European and Czech leasing market and to determine the market shares of the operational leasing of lessees, accounting and reporting under IFRS as well as to identify and evaluate the volumes of hitherto unreported leases broken down by business lines of companies. In order to evaluate the expected effects of the implementation, the aggregated data of Czech industrial enterprises reported by companies in 2017 were used. The comparison between Czech and international rules measured the undervaluation of assets and liabilities of Czech lessees and the economic effects assessed using financial analysis indicators. The differences between the two approaches should be taken into account when assessing the financial and revenue situation of companies using leasing, in order to avoid the wrong decisions of management and investors.
Czech name
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Czech description
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Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
EUROPEAN FINANCIAL SYSTEMS 2019
ISBN
9788021093386
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
516-522
Publisher name
MASARYKOVA UNIV, ZEROTINOVO NAM 617-9, BRNO 601 77, CZECH REPUBLIC
Place of publication
Brno
Event location
Brno
Event date
Jan 1, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000503222600061

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