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Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: International lease-accounting reform and economic consequences: The views of U.K. users and preparers
Author(s): Beattie, Vivien
Goodacre, Alan
Smith, Sarah Jane
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Keywords: Lease accounting
Off-balance-sheet finance
Economic consequences
Issue Date: 2006
Date Deposited: 11-Feb-2013
Citation: Beattie V, Goodacre A & Smith SJ (2006) International lease-accounting reform and economic consequences: The views of U.K. users and preparers. International Journal of Accounting, 41 (1), pp. 75-103.
Abstract: In response to perceived difficulties with extant lease-accounting standards in operation worldwide, the G4+1 issued a discussion paper which proposes that all leases should be recognized on the balance sheet. Leasing is now on the active agenda of the IASB. A major difficulty faced by standard setters lies in overcoming the preparer/user lobbying imbalance and obtaining ex ante evidence on the likely impact of regulatory reform. This paper contributes to the ongoing international debate by conducting a questionnaire survey of UK users and preparers to assess their views on proposals for lease-accounting reform 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 and believe that the proposals would lead to significant economic consequences for key parties. The impact on respondents’ views of familiarity with the proposals, level of lease usage, and company size, is also examined.
DOI Link: 10.1016/j.intacc.2005.12.003
Rights: Published in The International Journal of Accounting by Elsevier; Elsevier believes that individual authors should be able to distribute their accepted author manuscripts for their personal voluntary needs and interests, e.g. posting to their websites or their institution’s repository, e-mailing to colleagues. The Elsevier Policy is as follows: Authors retain the right to use the accepted author manuscript for personal use, internal institutional use and for permitted scholarly posting provided that these are not for purposes of commercial use or systematic distribution. An "accepted author manuscript" is the author’s version of the manuscript of an article that has been accepted for publication and which may include any author-incorporated changes suggested through the processes of submission processing, peer review, and editor-author communications.

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