The Effect of a New Lease Reporting in Transport Companies
The Effect of a New Lease Reporting in Transport Companies

Author(s): Hana Bohušová, Alžběta Srnova
Subject(s): Accounting - Business Administration, Transport / Logistics
Published by: Masarykova univerzita nakladatelství
Keywords: lessee; capitalization; Re-exposure draft;
Summary/Abstract: Current differences between the accounting treatments for a financial and an operating lease force users of the financial statements to capitalize individually the operating lease. The Re - exposure draft of the new standard Lease should eliminate the problems of the current reporting principles. As a result of the application of the new standard, it is expected that more leases will be activated on the balance sheet on the lessees' side. It is probable that the most significant impact will be observable in the case of companies where operating leases are major sources of financing (e.g. transport companies, airlines).

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