Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/10930
Appears in Collections:Accounting and Finance Working Papers
Title: Lease Accounting Reform and Economic Consequences: The Views of Preparers and Users
Authors: Beattie, Vivien
Goodacre, Alan
Smith, Sarah Jane
Contact Email: alan.goodacre@stir.ac.uk
Citation: Beattie V, Goodacre A & Smith SJ (2001) Lease Accounting Reform and Economic Consequences: The Views of Preparers and Users. University of Stirling, Department of Accounting, Finance & Law Working Paper, DP 01/08. University of Stirling.
Keywords: Lease accounting
Off-balance sheet finance
Survey
Economic consequences
JEL Code(s): M41
M44
G32
Issue Date: Dec-2001
Publisher: University of Stirling
Series/Report no.: University of Stirling, Department of Accounting, Finance & Law Working Paper, DP 01/08
Abstract: In response to perceived difficulties with extant lease accounting standards in operation worldwide, the G4+1 issued a discussion paper which adopts a 'property rights' perspective and proposes that all leases should be recognised on the balance sheet (ASB, 1999). This paper contributes to the ongoing debate by conducting a questionnaire survey of UK users and preparers to assess their views on the G4+1 proposals and on the potential economic consequences of their adoption. The results, based on 132 responses, indicate that both groups accept that there are deficiencies in the current rules, but they do not agree on the way forward. The preparers do not support the G4+1 proposals; they are lukewarm to the general principles and, in the main, object to the detailed suggestions. By contrast, the users are strongly supportive of the general principles of the proposals and neutral to the details. Both groups believe that the proposals would lead to significant economic consequences for company lessees, lessors and for users. The impact on respondents' views of familiarity with the proposals, level of lease usage, and company size, is also examined.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/10930
URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=294624
Affiliation: University of Stirling
Accounting and Finance
Accounting and Finance

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