Abstract
The paper analyzes critical practical aspects in the application of IFRS 16 “Leases.” The authors describe the main elements of a new model for recognizing leased assets and lease obligations for all types of leases in the financial statements of companies. The authors also argue that the changes made to the international standard for lease accounting can have a severe impact on business processes and financial statements of leaseholders. Under the new rules, the companies must reflect the lease on their balance sheet and provide interested external users with much more data related to rent than they previously provided. The research is also applicable for cooperative enterprises.
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Kryatova, L.A., Ezopova-Sorokina, O.S., Nurgalieva, R.N., Amirova, R.I., Furgina, L.A. (2021). The New IFRS Leaseholder Accounting Model. In: Bogoviz, A.V., Suglobov, A.E., Maloletko, A.N., Kaurova, O.V., Lobova, S.V. (eds) Frontier Information Technology and Systems Research in Cooperative Economics. Studies in Systems, Decision and Control, vol 316. Springer, Cham. https://doi.org/10.1007/978-3-030-57831-2_103
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DOI: https://doi.org/10.1007/978-3-030-57831-2_103
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Online ISBN: 978-3-030-57831-2
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