| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 3.57 MB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
In
august
2010
IASB
and
FASB
published
an
Exposure
Draft
with
proposed
changes
to
the
current
IAS
17
-‐
leases.
To
get
an
understanding
of
how
the
affected
companies
perceive
the
changes,
I
assessed
a
large
number
of
the
letters.
Based
on
this,
I
created
a
taxonomy
of
six
different
sectors
to
categorise
their
views.
As
expected,
there
was
a
stark
contrast
between
the
comment
letters
across
the
sectors.
However,
what
I
found
more
interesting
was
a
significant
deviation
in
the
opinions
within
two
of
the
sectors
I
assessed.
These
were
not
only
about
minor
changes
but
also
regarding
the
major
change;
elimination
of
differentiation
between
an
operating
and
finance
lease.
To
find
an
explanation
to
why
some
supported
the
change
and
others
were
in
disfavour
of
it,
I
created
a
data
set
with
different
explanatory
variables.
I
tested
the
variables
against
the
companies
that
were
supportive
and
disfavoured
the
elimination
in
a
regression
model
to
see
if
there
was
any
pattern.
The
results
showed
evidence
that
disagreeing
companies
were
more
exposed
to
operational
leases.
However,
the
specific
reason
to
this
is
not
clear
from
the
result.
Based
on
a
combination
of
the
findings
in
the
taxonomy
and
statistical
results,
one
may
argue
that
it
could
be
a
combination
of
how
the
leasing
intensive
companies
are
able
to
comply
with
the
changes
and
whether
or
not
they
are
worried
about
how
the
consequences
of
the
exposure
draft
will
affect
their
financial
ratios.