Application of new approaches in recognizing leases on the part of the lessee in the selected companies in the Czech Republic.

摘要

The paper presents the views of selected Czech SMEs on the individual problems of lease reporting on the side of the lessee as a reaction to the project of the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB), whose concepts on reporting leases have been offered for public discussion since the end of the year 2009. The advantages and weaknesses of some of the proposed methods of reporting lease contracts are presented. These findings result from comparisons of recording simplified specific operational lease contracts from business practice, reported according to the current IFRS methodology and the concept of 'right of use', and from the comparison of views of specialists, in particular those published on the IASB and FASB websites. These views were further completed by the author with the partial results of the investigation made in 203 Czech SMEs dealing with the suitability of the future application of these principles to SMEs (small and medium-sized entities). The survey was conducted among selected Czech companies, whose leaders knew the problems of reporting operational and financial leases under the IAS/IFRS and were willing to study the concepts presented by the IASB and the FASB and other materials relating to leases. The analyzed entities generally believe that the application of the 'right to use' concept will lead to a true and fair view on the side of the lessee but the application of this concept is associated with inappropriate costs. Most respondents believe that the asset and liability should be recognised in one aggregated amount and the decreasing of the obligation and the asset amortization should be assessed separately. The best solution in the case of changes in the estimates is to use the historic incremental borrowing rate.