Résumé ou Introduction
“We are in the middle of the worst financial crisis in recent memory.” wrote Stephen Schwarzmann (2008). Since the middle of 2007 the media’s dominating topic has been the global financial crisis, whose roots lay in the U.S. capital market – in fact one of the best-regulated financial markets in the world. In times when capital knows no borders and all the single foreign capital markets are interconnected, it took less time until the impact of the American ‘credit crunch’ reached the rest of the world and unbalanced even the most powerful banks. In spite of market’s cross-border linkage a huge variety of different (or even contrary) accounting standards exists. Against this background the Internationals Accounting Standards Board (IASB) in cooperation with its U.S. counterpart the Financial Accounting Standards Board (FASB) tries to cope with this crisis by amending existing and setting new standards. That should guarantee showing the true economies of entities for their report’s users.
This paper will reflect the current developments of the European standard setters regarding ‘IAS 17 – Leases’. First of all the problem areas of the old standard will be shown, then the amendments will be highlighted. The focus lays on the amendments in lessee accounting and they will be evaluated by means of expert opinions whether these actions are effective and decision-useful to the public.
- Citation du texte
- Thorsten Wenke (Auteur), 2008, The decision-usefulness of the IASB’s standard setting during the financial crisis using the example of IAS 17 – Lease, Munich, GRIN Verlag, https://www.grin.com/document/137222
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