THE EXPECTED IMPACT OF THE IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) 16- LEASES


Karimova Goolbahor Abdusattarovna, Burhonov Bobur Furqat ugli
PhD, associate professor, Andijan Institute of Agriculture and Agrotechnologies
Abstract
The authors performed a detailed literature review as well as gathered information at a public debate held jointly by the International Accounting Standards Board (IASB) and the South African Institute of Chartered Accountants (SAICA) to investigate what the implications may be. This article finds and concludes that there are potentially six change implications. The affected parties were identified as lenders, preparers and analysts with the banking and retail sectors requiring the most consideration.
Keywords: IFRS 16; change implications; lease accounting; lessee; on-balance sheet; transparency.
Journal Name :
EPRA International Journal of Environmental Economics, Commerce and Educational Management

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Published on : 2021-12-17

Vol : 8
Issue : 12
Month : December
Year : 2021
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