| Issue |
E3S Web Conf.
Volume 449, 2023
International Scientific and Practical Conference “Priority Directions of Complex Socio-Economic Development of the Region” (PDSED 2023)
|
|
|---|---|---|
| Article Number | 01005 | |
| Number of page(s) | 10 | |
| Section | Methodology of Integrated Socio-economic Development of the Region | |
| DOI | https://doi.org/10.1051/e3sconf/202344901005 | |
| Published online | 16 November 2023 | |
Research the Impact of the IFRS 16 requirements on the company’s financial performance
Plekhanov Russian University of Economics, 117997 Moscow, Russian Federation
* Corresponding author: olgaklchv@rambler.ru
This study investigates the influence of IFRS 16 on the financial performance of firms, using X5 Retail Group as a case study. The authors discovered that the previous lease accounting model under IAS 17 Leases has led to inaccurate and non-transparent financial reporting, causing dissatisfaction among investors, analysts, and other users. The authors also discuss the primary drivers for the modification in the previous lease accounting model and the subsequent development of IFRS 16 Leases. It is worth noting that lease accounting under IFRS significantly impacts the final financial outcome and the positioning of the firm in the eyes of all stakeholders. Therefore, the relevance of this study arises from the fact that proper lease accounting organization under IFRS is a critical aspect of the primary managerial and financial duties.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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