A study on the impact of finance lease on the part of the lessee

Rationale

Objectives

Research design

Locale

Target respondents

Method of data collection

The rationale of this study is to assess and consider the effects of finance lease from the lessee’s
perspective. This study could be used as a guide of pinpointing the amendments in IAS17 and changes to
IFRS 16 after its revision. Along with this will include the specific implications of the said revised
standards that will particularly focus on the finance lease.

The objective is to determine the appropriate policies and disclosures prescribed in relation to finance
lease favoring the lessee. Illustrate the off balance sheet manner, pros and cons of finance lease and the
principles to be applied in the FS of the lessee.

Research Design-The research design of this study is both a descriptive and explanatory research)???
The research method is to provide credible basis for the study to conduct.

Locale -Within the vicinity of Calamba?

Target respondents – The lessee’s

Method of data collection- through survey and company visit.

JOURNAL REFERENCES:

1. Financial Accounting 2- Valix (2015)

2. Financial accounting(reporting and analysis) 7th edition 2012 –stice
3. Interpretation and application of IFRS (2012)- bruce mckenzie, danie coetsee,raymong
chamboko
4. International accounting 2nd edition- axel haller & Bernard raffournier
5. Grady , Paul . Inventory of Generally Accepted Accounting
6. Stabler, Charles N. "Accounting Rules for Lease Transactions
7. Rappaport, Alfred. "Lease Capitalization and the Transaction
8. Cook, Donald C. "The Case Against Capitalizing Leases."
9. Financial statements analysis 7th edition –wild Bernstein subramanyam
10. 2013 PFRS part 1( a project of PICPA Metro Manila Region)
11. 2013 PFRS part 2 ( a project of PICPA Metro Manila Region)
12. Hennessy, John L. "Recording of Lease Obligations and Related Property Rights." Journal of
Accountancy
13. Rappaport, Alfred. "Lease Capitalization and the Transaction Concept." Accounting Review
14. Griesinger, Frank K. "Pros and Cons of Leasing Equipment."
15. J. Peter. "Lease Evaluation." Accounting Review