Publicação
Efeitos da adoção da IFRS 16 : locações nas empresas cotadas no STOXX Europe 50
| Resumo: | In January 2019, a new accounting standard for leasing contracts came into effect, IFRS 16, which replaced IAS 17. This new standard, from the lessee perspective, ended the existing distinction between operating leases and finance leases and required the capitalization of almost all the leases. Which, in theory, will have major implications for companies, both at an accounting level, and in terms of the quality of information and in real economy. In this sense, this dissertation aims to analyze the various effects caused by the introduction of IFRS 16. For this, following the framework of Napier & Stadler (2020), the analysis will be divided into accounting effects, information effects and real effects. As a sample, were considered the companies in the STOXX Europe 50, which includes the 50 largest companies in Western Europe. The analysis was then based on the reports of these companies, as well as on their comment letters in relation to the IASB´s proposals for the accounting treatment of leases. The results of this study indicate that, at an accounting level, because of the introduction of IFRS 16, there was significant impact on the assets, liabilities, and EBITDA of the companies and that, consequently, affected the ratios related with the Statement of Financial Position. Also, at the accounting level, there was a considerable increase in the disclosure requirements of IFRS 16 compared to IAS 17. Regarding the information effects, most companies concluded that IFRS 16 does not improve the decision-making of users, due to complexity of the standard and the adjustments that were made before IFRS 16. In addition, it was found that there is almost no communication in relation to IFRS 16, between companies and their stakeholders, beyond the financial report. Regarding the real effects, three possible effects resulting from IFRS 16 were mainly pointed out: the high costs of implementing the standard; the contractual changes in financial contracts; and the disincentive to leases. |
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| Autores principais: | Antunes, Joel David da Silva |
| Assunto: | Norma contabilística contratos de locação IFRS 16 efeitos contabilísticos efeitos ao nível da informação divulgada efeitos reais Accounting standard leasing contracts accounting effects information effects real effects |
| Ano: | 2021 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | português |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | In January 2019, a new accounting standard for leasing contracts came into effect, IFRS 16, which replaced IAS 17. This new standard, from the lessee perspective, ended the existing distinction between operating leases and finance leases and required the capitalization of almost all the leases. Which, in theory, will have major implications for companies, both at an accounting level, and in terms of the quality of information and in real economy. In this sense, this dissertation aims to analyze the various effects caused by the introduction of IFRS 16. For this, following the framework of Napier & Stadler (2020), the analysis will be divided into accounting effects, information effects and real effects. As a sample, were considered the companies in the STOXX Europe 50, which includes the 50 largest companies in Western Europe. The analysis was then based on the reports of these companies, as well as on their comment letters in relation to the IASB´s proposals for the accounting treatment of leases. The results of this study indicate that, at an accounting level, because of the introduction of IFRS 16, there was significant impact on the assets, liabilities, and EBITDA of the companies and that, consequently, affected the ratios related with the Statement of Financial Position. Also, at the accounting level, there was a considerable increase in the disclosure requirements of IFRS 16 compared to IAS 17. Regarding the information effects, most companies concluded that IFRS 16 does not improve the decision-making of users, due to complexity of the standard and the adjustments that were made before IFRS 16. In addition, it was found that there is almost no communication in relation to IFRS 16, between companies and their stakeholders, beyond the financial report. Regarding the real effects, three possible effects resulting from IFRS 16 were mainly pointed out: the high costs of implementing the standard; the contractual changes in financial contracts; and the disincentive to leases. |
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