Determinants of corporate lobbying intensity in the lease standard-setting process

Mellado, Lucía

doi:10.1016/j.rcsar.2016.09.001

Cited by 12 publications

(14 citation statements)

References 51 publications

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“…Positive Accounting Theory is an accounting framework that is applied in this study to explain the characteristics of the retrofits business. From the economic perspective, changes in the accounting can affect the financial situation of the company (25). Econom-ic consequences appear when the changes of the information that is reported will affect the cash flow of the company (26).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Their studies also found that operating lease capitalization will have an effect on the number that is reported in the balance sheet and profit-loss account, and it results in significant changes to the profitability ratio and debt ratio. Operation lease is the most important source for the financing offbalance sheet (25). The Morning Ledger magazine (CFO Journal, 11 August 2014) predicted that the total operating lease as the offbalance sheet is approximate $2 billion.…”

Section: Literature Reviewmentioning

confidence: 99%

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Managing Tax Dispute Due to IFRS-16 on the Retrofits Implementation in Indonesia

Nasip¹,

Sudarmaji²

2018

IJET

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The IFRS-16 will shortly be implemented worldwide, where the operating lease is effectively removed, and all operational leases are qualified as debt. The operational lease is a major source and is important for off-balance sheet financing in Indonesia. Therefore, the implementation of IFRS-16 will probably hurt Indonesian business. The contract and/or service level agreements on the retrofits for the energy efficiency product can relieve the business owner from cash flow and new debts. This study established a framework for a critical comparative study; compare and assess the possibility of the retrofit financial practices under the current taxes regime, and the possibility upon IFRS-16 implementation to better understand the favorable measures for retrofit practitioners and future customers to handle the disputes. Triangulate the findings of comparative study and questionnaire survey to develop recommendation for the future researchers, practitioners and the government. The result indicates that the benefits of the retrofits financing implementation beat the cost and complexity posed by the enactment of new IFRS standards. Thus, the impact of the IFRS-16 and taxation are being considered as a part of business constraints that should be addressed together and able to manage the disputes over misperception on retrofits aspects with taxes officers.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Managing Tax Dispute Due to IFRS-16 on the Retrofits Implementation in Indonesia

Nasip¹,

Sudarmaji²

2018

IJET

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“…With this accounting entry, the leasing fee impacts the whole year, the asset remains out of the balance sheet, and the cost is expensed all over the year. The debt to the leasing company is recorded but limited to the portion of the leasing fee (Mellado & Parte, 2017).…”

Section: Leasing Fees a Debts To Suppliersmentioning

confidence: 99%

Untitled

2020

CBR

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Leasing is confirmed among the preferred forms of financing by SMEs (Small and Medium Enterprises), even if its use grows both among large companies and private individuals. The stipulated in Europe increased in 2017 by 8.3% over the previous year. From 1 January 2019 the new accounting standard IFRS 16 is in force, which concerns the accounting of leasing contracts. The new methods of accounting for leasing contracts in the financial statements drawn up based on international accounting standards come into force. In fact, as from 1 January 2019, the IAS adopters are required to apply the new IFRS 16 standard, introduced in place of IAS 17, with the aim of standardizing the methods for recognizing leasing contracts in the financial statements. Scientifically, the most important researches concerning leasing have dealt with the topic focusing on accounting harmonization, accounting for leasing, capitalization of leasing and tax. Through the theoretical analysis and the simulation of our case study we want to answer a question: How the change in the accounting of leases is reflected in the financial statements?

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“…First, our findings enhance our understanding of how the IASB uses the Framework in developing IFRSs. Prior empirical studies primarily focus on political interventions by IASB constituents in setting IFRSs (André et al 2009;Bamber and McMeeking 2016;Cortese and Irvine 2010;Cortese et al 2010;Giner and Arce 2012;Jorissen et al 2012Jorissen et al , 2013Mellado and Parte 2017;Pelger and Spiess 2017). However, accounting standards setting is a complex process, requiring a consideration of both conceptual and political issues.…”

Section: Introductionmentioning

confidence: 99%

“…Third, prior studies report uneven participation and potentially undue influences of different constituent groups in IASB due process (Cortese and Irvine 2010;Cortese et al 2010;Jorissen et al 2012Jorissen et al , 2013Mellado and Parte 2017), raising concerns about the potential for biased outcomes 12 . However, our findings suggest that the intensity of participation of certain constituent groups in due process is not necessarily translated into outcomes desired by these groups.…”

Section: Introductionmentioning

confidence: 99%

How Does the IASB Use the Conceptual Framework in Developing IFRSs? An Examination of the Development of IFRS 16 Leases

Kabir

Rahman

2018

Journal of Financial Reporting

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We examine how the International Accounting Standards Board (IASB) used the Conceptual Framework for Financial Reporting (Framework) in developing the new lease accounting standard International Financial Reporting Standard (IFRS) 16 Leases. We report three major findings in this paper. First, while the IASB used the Framework concepts to justify new lease accounting requirements, it also used an outside-the-Framework notion to justify a requirement. Second, accommodating constituents' demands, it introduced rules in IFRS 16 to mitigate their concerns relating to high implementation costs. Third, there are instances where the IASB did not apply appropriate concepts to justify lease accounting requirements. These findings have implications for setting IFRSs.

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Determinants of corporate lobbying intensity in the lease standard-setting process

Cited by 12 publications

References 51 publications

Managing Tax Dispute Due to IFRS-16 on the Retrofits Implementation in Indonesia

Managing Tax Dispute Due to IFRS-16 on the Retrofits Implementation in Indonesia

Untitled

How Does the IASB Use the Conceptual Framework in Developing IFRSs? An Examination of the Development of IFRS 16 Leases

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