Publications

Lease accounting has been controversiAL for decades. The alternative accounting treatments are in between two extreme positions: recognizing assets and liabilities in the balance sheet, or disclosing the information in the notes to financial statements. The standards in place during the last decades establish a mix model that classifies leases into operating or financial, requiring disclosing information for the former and recognizing assest and liabilites for the latter. However, mainly due to the deficiences in their practical implementation, in 2006 the IASB and the FASB started a beginning of 2016 with the publication of IFRS 16 and ASU 2016-02. This article aims to explain the causes of this crucial accounting regulatory change in order to help the understanding of its reasons, as well as its potential economic consequences. This is necessary in order to assess wheterthis change should be implemented in Spanish accounting standards.

Gill de Albornoz, B., S. Rusanescu and P. Cabedo (2017): “Las nuevas normas contables de arrendamientos: causas y potenciales efectos económicos”, Estudios financieros. Revista de contabilidad y tributación, 406, pp. 207-246.