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What Are the Origins of New Leasing Conceptual Models and How These Models Are Coming True in IFRS 16?

In: The Impact of Globalization on International Finance and Accounting

Author

Listed:
  • Mariana Peprníčková

    (University of Economics, Prague)

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.

Suggested Citation

  • Mariana Peprníčková, 2018. "What Are the Origins of New Leasing Conceptual Models and How These Models Are Coming True in IFRS 16?," Springer Proceedings in Business and Economics, in: David Procházka (ed.), The Impact of Globalization on International Finance and Accounting, pages 291-299, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-68762-9_31
    DOI: 10.1007/978-3-319-68762-9_31
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