TY - GEN

T1 - Analysis Of The Influence Of First-Time Adoption Of IFRS 16 “Leases” On Russian Companies’ Finance Indicators

AU - Sokolova, Natalia

AU - Sokolova, Anastasiya

AU - Golotvina, Elina

N1 - Conference code: 34th

PY - 2020

Y1 - 2020

N2 - the issues concerning accounting for leases are going through a major change at present. External users of financial statements have long claimed dissatisfaction with the extent of disclosure of lease liabilities in companies’ financial reports. Significant amounts of liabilities were hidden off the balance sheet, which had a negative impact on users’ ability to make adequate decisions in respect of companies. This problem is to be solved with the help of new IFRS 16 standard effective for annual reporting periods beginning on or after 01.01.2019, which has brought a major change into accounting for leases. According to these new guidelines, a lessee shall record almost all lease operations in reporting. These changes will definitely lead to significant changes in reporting of companies which use large amounts of leased assets. The paper deals with analysis of the way the new standard will influence key financial figures in Russian companies’ reporting. The study object is Russian public companies which applied new IFRS 16 standard (“Leases”) ahead of time in 2018.

AB - the issues concerning accounting for leases are going through a major change at present. External users of financial statements have long claimed dissatisfaction with the extent of disclosure of lease liabilities in companies’ financial reports. Significant amounts of liabilities were hidden off the balance sheet, which had a negative impact on users’ ability to make adequate decisions in respect of companies. This problem is to be solved with the help of new IFRS 16 standard effective for annual reporting periods beginning on or after 01.01.2019, which has brought a major change into accounting for leases. According to these new guidelines, a lessee shall record almost all lease operations in reporting. These changes will definitely lead to significant changes in reporting of companies which use large amounts of leased assets. The paper deals with analysis of the way the new standard will influence key financial figures in Russian companies’ reporting. The study object is Russian public companies which applied new IFRS 16 standard (“Leases”) ahead of time in 2018.

UR - https://ibima.org/accepted-paper/analysis-of-the-influence-of-first-time-adoption-of-ifrs-16-leases-on-russian-companies-finance-indicators/

M3 - Conference contribution

SN - 9780999855133

SP - 9625

EP - 9644

BT - Proceedings of the 34th International Business Information Management Association Conference (IBIMA)

A2 - Soliman, Khalid S.

PB - IBIMA

T2 - The 34th IBIMA Conference

Y2 - 13 November 2019 through 14 November 2019

ER -