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Journal articles on the topic 'Operating leases'

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Published: 4 June 2021

Last updated: 1 February 2022

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1

Dogan, Figen Gunes. "Non-cancellable Operating Leases and Operating Leverage." European Financial Management 22, no. 4 (2015): 576–612. http://dx.doi.org/10.1111/eufm.12069.

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2

Paik, Daniel Gyung H., Joyce A. van der Laan Smith, Brandon Byunghwan Lee, and Sung Wook Yoon. "The Relation between Accounting Information in Debt Covenants and Operating Leases." Accounting Horizons 29, no. 4 (2015): 969–96. http://dx.doi.org/10.2308/acch-51214.

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SYNOPSIS Proposed changes by the FASB and the IASB to lease accounting standards will substantially change the accounting for operating leases by requiring the capitalization of future lease payments. We consider the impact of these changes on firms' debt covenants by examining the frequency of income-statement- versus balance-sheet-based accounting ratios in debt covenants of firms in high and low Off Balance Sheet (OBS) lease industries. Based on debt contracts from the 1996–2009 period, our results provide evidence that lenders focus on balance sheet (income statement) ratios in designing d

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3

Kusano, Masaki, Yoshihiro Sakuma, and Noriyuki Tsunogaya. "Economic impacts of capitalization of operating leases: Evidence from Japan." Corporate Ownership and Control 12, no. 4 (2015): 828–50. http://dx.doi.org/10.22495/cocv12i4csp4.

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The purpose of this study is to investigate the economic impacts of capitalization of operating leases in Japan. Specifically, this study estimates the ex-ante impacts of capitalization of operating leases by comparing pro-forma accounting numbers based on a proposed rule change with reported accounting numbers under an extant rule. Our findings are twofold. First, capitalization of operating leases has significant impacts on financial ratios, including the debt to equity ratio (DER) and the interest coverage ratio (ICR). Second, the impacts of capitalization of operating leases on these finan

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Park, Younghee, and Kyunga Na. "The effects of listing status on a firm’s lease accounting: Evidence from South Korea." Gadjah Mada International Journal of Business 19, no. 1 (2017): 77. http://dx.doi.org/10.22146/gamaijb.12848.

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This study examines how the listing status affects a firm’s choice of lease accounting, using 7,023 firm-year observations that record either an operating or a capital lease from 2001 to 2013 in Korea. We find that unlisted firms are more likely to opt for operating leases, and to have a higher ratio of operating leases than listed firms are. These results indicate that unlisted firms tend to prefer operating leases which can be used as a tool to avoid increasing debt levels and to benefit from off-balance sheet financing (or unrecorded liabilities), compared to listed firms. This study contri

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5

Caskey, Judson, and N. Bugra Ozel. "Reporting and Non-Reporting Incentives in Leasing." Accounting Review 94, no. 6 (2019): 137–64. http://dx.doi.org/10.2308/accr-52367.

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ABSTRACT This study sheds light on the extent to which the use of operating leases depends on reporting incentives, such as understating liabilities, and non-reporting incentives that partly arise from the overlap between accounting, bankruptcy, and tax laws, such as increasing financing capacity and flexibility. We provide evidence that expanding financing capacity, accommodating volatile operations, and maximizing the present value of tax deductions are all important drivers of leasing decisions. Our findings suggest that capital markets and contracting-based reporting incentives have little

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6

Bennett, Bruce K., and Michael E. Bradbury. "Capitalizing Non-cancelable Operating Leases." Journal of International Financial Management and Accounting 14, no. 2 (2003): 101–14. http://dx.doi.org/10.1111/1467-646x.00091.

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7

Altamuro, Jennifer, Rick Johnston, Shailendra Shail Pandit, and Haiwen Helen Zhang. "Operating Leases and Credit Assessments." Contemporary Accounting Research 31, no. 2 (2014): 551–80. http://dx.doi.org/10.1111/1911-3846.12033.

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8

Bohušová, Hana. "Is Capitalization of Operating Lease Way to Increase of Comparability of Financial Statements Prepared in Accordance with IFRS and US GAAP?" Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 2 (2015): 507–14. http://dx.doi.org/10.11118/actaun201563020507.

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The paper is concerned with an evaluation of possibilities of companies using operating lease and prepared financial statements under IFRS or US GAAP comparison. The data of non-financial companies listed on the Prague Stock Exchange and reporting information on operating lease in accordance with IAS 17 are used. The study presents the impact of operating lease capitalization on companies’ financial statements and financial analysis ratios. The results show a negative impact of operating lease capitalization on financial analysis ratios. The study was motivated by a common effort of the Intern

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9

Beattie, Vivien, Alan Goodacre, and Sarah Thomson. "Operating leases and the assessment of lease–debt substitutability." Journal of Banking & Finance 24, no. 3 (2000): 427–70. http://dx.doi.org/10.1016/s0378-4266(99)00045-x.

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10

Y. Tai, Benjamin. "Constructive Capitalization of Operating Leases in the Hong Kong Fast-Food Industry." International Journal of Accounting and Financial Reporting 3, no. 1 (2013): 128. http://dx.doi.org/10.5296/ijafr.v3i1.3270.

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The current study is undertaken to investigate the potential problems resulting from the proposed adoption of a new accounting standard concerning mandatory capitalization of all lease contracts. In 2010, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued a joint exposure draft (ED2010/9) on accounting for leases. Under the new standard, lessees are required to capitalize all lease contracts as assets and liabilities. The distinction between operating leases and capital (finance) leases will no longer exist. The long-standing off-bala

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Park, Younghee, and Kyunga Na. "The Effect of Lease Accounting on Credit Rating and Cost of Debt: Evidence from Firms in Korea." Social Sciences 7, no. 9 (2018): 154. http://dx.doi.org/10.3390/socsci7090154.

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This study examines the effect of capital lease and operating lease options in accounting on credit ratings and the cost of debt using data for 13 years (2001 to 2013) on 6133 listed and unlisted domestic firms in Korea that recognize leases on financial statements. We use the Heckman two-stage model to control for sample selection bias from lease selection. The first stage is the probit regression in which the dependent variable is a dummy variable on the lease selection and the explanatory variables are factors known to affect lease selection. The second stage consists of the ordered probit

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12

Paik, Daniel Gyung, Joyce Van Der Laan Smith, Brandon Byunghwan Lee, and Sung Wook Yoon. "Are leases substitutes or complements to debt? Insights from an analysis of debt covenants." Review of Accounting and Finance 19, no. 3 (2020): 339–61. http://dx.doi.org/10.1108/raf-05-2019-0106.

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Purpose The purpose of this study is to investigate the relationship between off-balance-sheet (OBS) operating leases and long-term debt by analyzing firms’ debt risk profiles measured by the constraints on firms in the financial ratios in their debt covenants. Design/methodology/approach This study determines debt risk profiles using three measures: the ex ante probability of covenant violation (Demerjian and Owens, 2016), firms in violation of debt covenants and firms close to covenant violations. Findings High-risk firms according to all three measures, on average, have a significantly lowe

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Bianchi, Stefano. "Dialogue with standard setters." FINANCIAL REPORTING, no. 2 (December 2019): 141–50. http://dx.doi.org/10.3280/fr2019-002006.

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The new accounting standard IFRS 16 Leases is the result of a long process of review of the criteria for recognizing and evaluating the lease on the financial statements. The need to promote a revision of the accounting criteria on leasing has been felt by many players of the financial system. IASB, FASB, EFRAG, financial institutions, auditors and preparers have supported a debate on leasing over the years, which has underlined the im-portance of representing and assessing the operating leases in the financial statements with criteria similar to the criteria utilised for the financial leasing

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Trigeorgis, Lenos. "Evaluating leases with complex operating options." European Journal of Operational Research 91, no. 2 (1996): 315–29. http://dx.doi.org/10.1016/0377-2217(95)00288-x.

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15

Xu, Wei, Robyn Alexandra Davidson, and Chee Seng Cheong. "Converting financial statements: operating to capitalised leases." Pacific Accounting Review 29, no. 1 (2017): 34–54. http://dx.doi.org/10.1108/par-01-2016-0003.

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Purpose The purpose of this paper is to examine how capitalising operating leases under IFRS 16/AASB 16 affects the financial statements and value relevance of financial information. In doing so, limitations of exiting methods are highlighted and improved upon. Design/methodology/approach Imhoff et al.’s (1991) constructive method for capitalising operating leases is improved upon and used to restate the financial statements of 165 S&P/ASX200 companies. The financial position, key ratios and value relevance are tested for significant differences. Findings The results provide evidence that

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Melekhina, Tatiana, Elena Sedova, and Irina Karpova. "Special issues of IFRS application in Russian organizations." E3S Web of Conferences 164 (2020): 09029. http://dx.doi.org/10.1051/e3sconf/202016409029.

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In modern conditions, Russian accounting is increasingly oriented to international standards. Accounting for leasing relations is also subject to changes that are associated with the transition of Russian accounting to international financial reporting standards (IFRS). In 2016, a new standard was approved for accounting for leases in public sector organizations - the SPS “Leases” (entered into force on January 1, 2018). For other organizations, on October 16, 2018, FAS 25 “Lease accounting” was approved. This standard introduces the type of asset - the right to lease, which represents a new f

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17

Jennings, Ross, and Ana Marques. "Amortized Cost for Operating Lease Assets." Accounting Horizons 27, no. 1 (2012): 51–74. http://dx.doi.org/10.2308/acch-50278.

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SYNOPSIS: A proposed accounting standard issued jointly by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) would require firms to recognize many more lease assets than are currently required and to amortize those assets on a straight-line basis. A number of respondents to the exposure draft argue that the “front-loading” of lease expense resulting from straight-line amortization would not reflect the economics of the lease assets. This study compares straight-line amortization with the most-often cited alternative, present value amortizat

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Bratten, Brian, Preeti Choudhary, and Katherine Schipper. "Evidence that Market Participants Assess Recognized and Disclosed Items Similarly when Reliability is Not an Issue." Accounting Review 88, no. 4 (2013): 1179–210. http://dx.doi.org/10.2308/accr-50421.

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ABSTRACT We provide evidence that disclosed items are not processed differently from recognized items when the disclosures are salient, not based on management estimates, and amenable to simple techniques for imputing as-if recognized amounts. For a sample of firms with both capital and operating leases, we find that as-if recognized amounts for leases are generally reliable and that both recognized lease obligations and disclosed lease obligations are associated with proxies for costs of debt and equity. The magnitudes of these associations are not statistically different across accounting tr

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Mey, Mattheus Theodorus. "The Value Relevance Of Straight-Lining Lease Expenses." International Business & Economics Research Journal (IBER) 15, no. 6 (2016): 301–14. http://dx.doi.org/10.19030/iber.v15i6.9830.

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The International Accounting Standards Board envisions the global acceptance of International Financial Reporting Standards (IFRS). Despite attempting convergence with IFRS, some national accounting standard setters, such as in India allow for certain carve-outs in their own accounting standards so as to meet country-specific requirements for fair presentation. Indian Accounting Standards allow for operating leases with fixed inflationary linked escalations to be accounted for on an as-incurred basis in contrast to the existing requirement in IFRS to straight-line such leases. This study explo

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Maglio, Roberto, Valerio Rapone, and Andrea Rey. "Capitalisation of operating lease and its impact on firm’s financial ratios: Evidence from Italian listed companies." Corporate Ownership and Control 15, no. 3-1 (2018): 152–62. http://dx.doi.org/10.22495/cocv15i3c1p1.

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Lease accounting will never be the same again. The endorsement of IFRS 16 on November 2017 sets out new rules for the recognition and measurement of the lease. The new standard removes the lessee’s distinction between operating and financial lease and it will have a substantial impact for companies have previously kept a large proportion of their financing off balance sheets. Under IAS 17 companies have exploited a financial accounting loophole by structuring lease transactions as operating leases, favouring opportunistic behaviours by managers and distorting the investors’ perception of the d

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21

Singh, Amrik. "Proposed Lease Accounting Changes." Journal of Hospitality & Tourism Research 36, no. 3 (2010): 335–65. http://dx.doi.org/10.1177/1096348010388659.

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Regulators have proposed changes to the existing lease accounting rules that will require the capitalization of all operating leases as assets and liabilities. This study investigated the impact of operating lease capitalization on the financial statements and 11 financial ratios in restaurant and retail firms from 2006 to 2008. Significant absolute and relative differences were found across and within the two industries. All 11 financial ratios related to interest coverage, leverage, and profitability will change significantly and dramatically for both industry sectors. The findings indicate

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Dhaliwal, Dan, Hye Seung (Grace) Lee, and Monica Neamtiu. "The Impact of Operating Leases on Firm Financial and Operating Risk." Journal of Accounting, Auditing & Finance 26, no. 2 (2011): 151–97. http://dx.doi.org/10.1177/0148558x11401210.

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23

De Villiers, Rikus R., and Sanlie L. Middelberg. "Determining The Impact Of Capitalising Long-Term Operating Leases On The Financial Ratios Of The Top 40 JSE-Listed Companies." International Business & Economics Research Journal (IBER) 12, no. 6 (2013): 655. http://dx.doi.org/10.19030/iber.v12i6.7871.

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Operating leases forma great part of companies financing structures in todays economicenvironment. Some accounting standard-setters and other users of financialstatements are of the opinion that the current standard on accounting foroperating leases, IAS 17, does not provide sufficient guidelines on the disclosureof a companys leasing activities. The current accounting standard on leasesprovides companies with the opportunity to classify lease contracts intodifferent classes which leads to off-balance-sheet financing. This problem iscurrently being addressed by the IASB as they are in the proc

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Biondi, Yuri, Robert J. Bloomfield, Jonathan C. Glover, et al. "A Perspective on the Joint IASB/FASB Exposure Draft on Accounting for Leases." Accounting Horizons 25, no. 4 (2011): 861–71. http://dx.doi.org/10.2308/acch-50048.

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SYNOPSIS The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) recently issued a joint exposure draft on accounting for leases. This exposure draft seeks to shift lease accounting from an “ownership” model to a “right-of-use” model. Under the current ownership model, leases can be reported on balance sheet (finance leases) if certain tests are met, or off balance sheet (operating leases) if those tests are not met. The new model seeks to report all leases on the balance sheet based on the present value of lease obligations without any bright li

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Arimany, Nuria, M. Angels Fitó, Soledad Moya, and Neus Orgaz. "What lies behind compliance with operating leases disclosure?" Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad 47, no. 4 (2018): 485–506. http://dx.doi.org/10.1080/02102412.2018.1500797.

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Duke, Joanne C., and Su-Jane Hsieh. "Capturing the benefits of operating and synthetic leases." Journal of Corporate Accounting & Finance 18, no. 1 (2006): 45–52. http://dx.doi.org/10.1002/jcaf.20262.

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27

Sheraga, Carl A., and Paul Caster. "Distortions in the measurement of the efficiency of financial leverage strategies in the airline industry when operating leases are ignored." Journal of Transportation Management 25, no. 1 (2014): 21–36. http://dx.doi.org/10.22237/jotm/1396310580.

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The Financial Accounting Standards Board and the International Accounting Standards Board have set forth a proposal requiring companies to capitalize operating leases and include them as assets and liabilities on their balance sheets. The proposal is motivated by the fact that current methods accounting for operating leases hide a great deal of off-book leverage and thus are misleading to investors. Such a change would have a significant impact on the U.S. airline industry where aircraft and property operating leases are quite prevalent. This study utilizes an in-depth strategic management per

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Collins, Denton L., William R. Pasewark, and Mark E. Riley. "Financial Reporting Outcomes under Rules-Based and Principles-Based Accounting Standards." Accounting Horizons 26, no. 4 (2012): 681–705. http://dx.doi.org/10.2308/acch-50266.

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SYNOPSIS: This archival study addresses whether the presence or absence of “bright lines” in a lease accounting standard influences the classification of leases as capital or operating. To the best of our knowledge, our study is the first archival research to address the association between lease classification decisions and the use of U.S. GAAP and IFRS lease accounting standards. We examine firms' lease classification decisions using 2007–2009 data from a matched sample of members of the Fortune Global 500 that report under U.S. GAAP and IFRS. Consistent with experimental work by Agoglia et

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Suzuki Tofanelo, Renan Eidy, Rodolfo Vieira Nunes, and George André Willrich Sales. "IFRS 16 - Impact on the Assets of the Major Airlines Operating in Brazil." International Journal of Economics and Finance 13, no. 9 (2021): 1. http://dx.doi.org/10.5539/ijef.v13n9p1.

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The article aims to study the impacts that the adoption of IFRS 16 will have on the financial position, that is, what will be the impact on the total value of assets of airlines operating in the Brazilian market. It is evident that the new accounting of aircraft acquired through operating leases, an essential tool for any company in the sector, is fully in line with the essence of the operation. Therefore, the authors structured the methodology through a comparison of indicators between 3 companies in the Brazilian airline industry, together with data collection through accounting information

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Durocher, Sylvain. "Canadian Evidence on the Constructive Capitalization of Operating Leases*." Accounting Perspectives 7, no. 3 (2008): 227–56. http://dx.doi.org/10.1506/ap.7.3.2.

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Albert, Joseph, and Willard McIntosh. "Identifying Risk-Adjusted Indifference Rents for Alternative Operating Leases." Journal of Real Estate Research 4, no. 3 (1989): 81–93. http://dx.doi.org/10.1080/10835547.1989.12090588.

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Abdulkarim, Umar Farouk, L. Mohammed, and A. Musa-Mubi. "Lease Finance in Nigeria: Current Status, Challenges and Future Prospects." Journal of Accounting Research, Organization and Economics 3, no. 2 (2020): 172–81. http://dx.doi.org/10.24815/jaroe.v3i2.17687.

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Objective – The Leasing industry in Nigeria is witnessing increased demand for assets under a given prevalence of rising domestic costs of purchase, shortage of foreign exchange for imports as well as persistent depreciation of the Naira. The objective of this paper is to analyze the current state of lease financing in Nigeria, the prospects and challenges with a view to assess the capacity of the industry to continue to provide this form of finance. Design/methodology –The paper adopts an exploratory research design with references to publications, websites and research articles relevant to t

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Kostolansky, John, Dora Altschuler, and Brian B. Stanko. "Financial Reporting Impact Of The Operating Lease Classification." Journal of Applied Business Research (JABR) 28, no. 6 (2012): 1509. http://dx.doi.org/10.19030/jabr.v28i6.7405.

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The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are preparing to make changes to accounting standards for leasing that will have a significant impact on the financial statements of a large number of companies. The proposed standard will eliminate the operating lease classification, and if passed, companies using this classification will be required to report additional assets and liabilities on the balance sheet. This study estimates the impact of this change in accounting standards on the financial statements and several key financial ra

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Svoboda, Patrik. "Lease revenue reporting on the side of lessor in connection with transfer of right to use assets (RTU) to lessee." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 7 (2011): 403–14. http://dx.doi.org/10.11118/actaun201159070403.

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The paper analyzed some of the approaches whose application is eligible for the recording of lease contracts on the side of lessor so that this recording display as closely as possible the essence of the lease relationship and at the same time it would be symmetrical to the way of recording on the side of lessee resulting not from value of transferred physical assets but from the evaluated right to use this asset. Impacts of individual variants of approaches into the income statement and statement of financial position are analyzed. It turns out that apparently it is not possible to apply only

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Boatsman, James, and Xiaobo Dong. "Equity Value Implications of Lease Accounting." Accounting Horizons 25, no. 1 (2011): 1–16. http://dx.doi.org/10.2308/acch.2011.25.1.1.

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SYNOPSIS: The literature exhibits a long tradition of attention to the financial statement effects of accounting for operating leases. For the most part, that attention has focused on what are commonly viewed as errors in operating assets, deferred tax liabilities, debt, stockholders’ equity, and net income that, if not properly corrected, can lead to errors in financial statement analysis. There has been, at least, an implied effect of such financial statement analysis errors on estimated equity value. What has been lacking is a discussion of the precise nature of how the errors may, or may n

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Solanke, Muse Olayiwola, Bashiru Adisa Raji, and Taiwo Kareem Alli. "Vehicles leasing operations in Lagos state, Nigeria." Logistics & Sustainable Transport 10, no. 1 (2019): 71–84. http://dx.doi.org/10.2478/jlst-2019-0006.

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Abstract Vehicle is an important element of transport; and its financing especially in road transport comes in 3 ways; outright purchase, hire purchase and lease. Of all these three methods of road transport financing, leasing has attracted little attention in Nigeria transport research. This study was carried out to examine the development, types and form, operating characteristics and problems of vehicle lease in Lagos State, Nigeria. Aggregate number of vehicle leasing companies in Nigeria from inception to 2018 was obtained from corporate affairs commission (CAC). Four prominent vehicle le

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Churyk, Natalie Tatiana, Alan Reinstein, and Gerald Harold Lander. "Leasing: reducing the game of hiding risk." Journal of Accounting & Organizational Change 11, no. 2 (2015): 162–74. http://dx.doi.org/10.1108/jaoc-10-2012-0099.

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Purpose – This paper aims to examine the status and implications of the Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) forthcoming standard on leases. The proposal arose from concern that many lease obligations are unrecorded on the balance sheet and that current accounting for lease transactions does not represent fully the economics of many lease transactions. Design/methodology/approach – On September 20, 2012 and September 25, 2012, the Boards decided to account for some lease contracts using an approach similar to their proposed 2010 leas

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Veverková, Alžběta. "IFRS 16 and its Impacts on Aviation Industry." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 67, no. 5 (2019): 1369–77. http://dx.doi.org/10.11118/actaun201967051369.

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Current differences between the accounting models for a financial and an operating lease and their critics from the users of the financial statement forced the IASB issued a new Leases Standard, IFRS 16, which supersedes IAS 17 Leases and its related interpretations in January 2106. IFRS 16 will eliminate dual accounting model for lessees and it is assumed to have significant business implications, especially from lessee’s point of view. The paper focuses on quantification of the impact of IFRS 16 on selected financial statement items and financial analysis ratios of fifteen European airlines.

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Kusano, Masaki. "Effect of capitalizing operating leases on credit ratings: Evidence from Japan." Journal of International Accounting, Auditing and Taxation 30 (March 2018): 45–56. http://dx.doi.org/10.1016/j.intaccaudtax.2017.12.008.

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Svoboda, Patrik, and Hana Bohušová. "Convergence of IFRS and US GAAP in the field of lease: the impact of new methodological approaches for operating lease reporting." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 60, no. 7 (2012): 345–58. http://dx.doi.org/10.11118/actaun201260070345.

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Since 2002 the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) has begun significantly cooperate in the creation of standards based on the same principals. This is a process of convergence. It is realized through a series of sub-projects aimed at short-term or long-term period. Revenue recognition and lease reporting projects represent priority areas of convergence. The issue of leases belongs to one of the areas in which there have been, after a relatively long time, criticized the very principles applied in international accounting standard

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Brooks, Marcus, Stephanie Hairston, and Charles Harter. "Does manager ability influence the classification of lease arrangements?" Journal of Applied Accounting Research 21, no. 1 (2019): 19–37. http://dx.doi.org/10.1108/jaar-02-2019-0028.

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Purpose The purpose of this paper is to examine the influence of manager ability on a firm’s choice of lease classification and the decision to capitalize vs lease firm-specific assets. Design/methodology/approach The authors use regression analysis to examine the association between manager ability, lease classification and asset specificity. Findings Using 31,110 firm-year observations from 1998 to 2013, the authors find a significant positive relationship between manager ability and the decision to classify leases as operating. The authors also find that high-ability managers are more likel

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Krawczak, Mateusz, and Renata Dyląg. "The impact of IFRS 16 on the financial position of selected companies from the WIG30 index." Zeszyty Teoretyczne Rachunkowości 2018, no. 97 (153) (2018): 57–76. http://dx.doi.org/10.5604/01.3001.0012.0376.

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The main purpose of this article is to analyze the impact of changes in accounting for leases, defined in IFRS 16, on the financial situation of selected Polish entities listed on the Warsaw Stock Exchange. The following qualitative research methods were used to accomplish the goal: analysis of the literature of the subject and analysis of international reporting standards regarding accounting for leases. In the empirical part of the article, a simulation was carried out. It analyzed the impact of capitalization of operating lease on the selected parts of the balance sheet and changes in profi

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Caster, Paul, Carl A. Scheraga, and Michael J. Olynick. "The impact of lease accounting standards on airlines with operating leases: Implications for benchmarking and financial analysis." Journal of Transportation Management 28, no. 1 (2018): 15–23. http://dx.doi.org/10.22237/jotm/1530403380.

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Duke, Joanne C., Su-Jane Hsieh, and Yuli Su. "Operating and synthetic leases: Exploiting financial benefits in the post-Enron era." Advances in Accounting 25, no. 1 (2009): 28–39. http://dx.doi.org/10.1016/j.adiac.2009.03.001.

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Li, Tongxia, Rahimie Karim, and Qaiser Munir. "The determinants of leasing decisions: an empirical analysis from Chinese listed SMEs." Managerial Finance 42, no. 8 (2016): 763–80. http://dx.doi.org/10.1108/mf-06-2015-0166.

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Purpose – The purpose of this paper is to investigate the determinants of leasing decisions for a sample of China’s non-financial small and medium-sized enterprises (SMEs). Design/methodology/approach – Pooled ordinary least squares and Tobit models are used to analyze five years of data (2009-2013) on the sample units, to find the determinants of leasing decisions after controlling for industry. In order to assess the robust of the results, the authors further apply instrumental variables methods. Findings – The results suggest that CEO ownership, tax rate, financial distress potential, and f

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46

Kilpatrick, Bob G., and Nancy L. Wilburn. "Convergence On A Global Accounting Standard For Leases Impacts Of The FASB/IASB Project On Lessee Financial Statements." International Business & Economics Research Journal (IBER) 10, no. 10 (2011): 55. http://dx.doi.org/10.19030/iber.v10i10.5980.

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In this paper, we compare the current U.S. GAAP and IFRS lease accounting rules with the proposed rules under the joint FASB/IASB projects exposure draft as modified by their redeliberation decisions. Additionally, we discuss the potential financial statement impacts of the proposed changes and provide examples of the effects of constructive capitalization of operating leases on the financial statements and resulting ratios for matched pairs of Global Fortune 500 companies in industries, with each pair consisting of a company that follows U.S. GAAP versus one that follows IFRS.

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Lim, Steve C., Steven C. Mann, and Vassil T. Mihov. "Do operating leases expand credit capacity? Evidence from borrowing costs and credit ratings." Journal of Corporate Finance 42 (February 2017): 100–114. http://dx.doi.org/10.1016/j.jcorpfin.2016.10.015.

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Kostolansky, John, and Brian Stanko. "The Joint FASB/IASB Lease Project: Discussion And Industry Implications." Journal of Business & Economics Research (JBER) 9, no. 9 (2011): 29. http://dx.doi.org/10.19030/jber.v9i9.5633.

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<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none;" class="MsoNormal"><span style="color: black; font-size: 10pt; mso-themecolor: text1;"><span style="font-family: Times New Roman;">Over several decades, the Financial Accounting Standards Board and International Accounting Standards Board have enacted numerous changes to the controversial lease accounting rules. As currently prescribed, operating leases are treated as rental arrangements whereby the lessee does not recor

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Bartlett, Richard H. "The Effect of Low Oil and Gas Prices on Freehold Oil and Gas Leases: A Problem of Interpretation." Alberta Law Review 29, no. 1 (1991): 1. http://dx.doi.org/10.29173/alr693.

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Freehold oil and gas leases seek to reconcile the interests of the lessor and the lessee by providing in the habendum a clause for an initial primary term and "so long thereafter as there is production''. Both Canadian and United States jurisprudence indicate that leases will terminate if production is not' 'in paying quantities''. A test as to whether or not oil or gas is being produced in paying quantities is whether the value of the oil or gas produced exceeds the operating costs. If production fails this test then it must be considered whether a reasonably prudent operator would have conti

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Hanert, Caireen E., and James R. Maclean. "Recent Judicial Developments of Interest to Energy Lawyers." Alberta Law Review 50, no. 2 (2012): 437. http://dx.doi.org/10.29173/alr256.

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This article provides an overview of recent judicial developments of interest to energy lawyers. The authors summarize and provide commentary on recent Canadian case law in the areas of Aboriginal law, leases, joint operating agreements, surface rights, environmental law, contract law, taxation, privilege, employment law, conflict of laws, and limitations law.

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