Regnskabsaflæggelsesprocessen ved IFRS 16 og effekten på kapitalmarkedets forståelse af regnskaber

Martin Bergqvist Børger & Christoffer Emil von Scholten

Student thesis: Diploma thesis

Abstract

Leasing has over the past years seen a major increase in popularity as a financial instrument to fund and manage companies’ investments in fixed assets. Due to allowed exceptions in the current International Accounting Standards adopted by listed companies, many of these lease contracts have not been recognised in the financial statements. As of opening 2016 it has been estimated that 2.8 trillion worth of lease liabilities of listed companies, adopting IFRS or US GAAP principles, were not recognised in the financial statements by use of this exception. The absence of information about leases in the balance sheet meant that investors and other stakeholders were not able to compare companies with different financing structures. To improve the information of leases in the financial reporting, IASB has developed the new lease standard IFRS 16. The objectives of this thesis is to describe the difference between the current lease standard IAS 17 versus the new IFRS 16 and through interviews with Deloitte senior manager and advisor for listed companies, Henrik Gustavsen as well as executive of Handelsbanken, Jan Arup analyse the effects of the newly adopted lease standard on the primary shareholders affected by the new leasing standard. Furthermore we will evaluate on the new IFRS 16s effect on the transparency in financial reporting and the overall effectiveness of the capital market. Through the thesis we conclude that the interpretation, implementation and ongoing handling of IFRS 16 imposes increased costs to the companies preparing the financial statements, however these costs are outweighed by an increased transparency between companies with different financing structures and the creation of a better decision basis for investors as well as financing partners of the companies. The improved decision basis on the capital market will over time create a surplus in value on the capital market and thus increase companies access to capital.

EducationsGraduate Diploma in Accounting and Financial Management, (Diploma Programme) Final Thesis
LanguageDanish
Publication date2018
Number of pages76