Effects of Financial Leasing on Financial Ratios and Tables by Turkish Accounting Standard 17 (TMS 17)
Abstract
The firms have options of “purchasing" or "hiring" methods to obtain the economic assets needed to perform their activities. Especially when it comes to fixed assets, firms prefer to hire option since they initially do not want to invest a significant amount of funding for long-term assets or the difficulty of finding the necessary funds for the purchase or assets pose a high risk to the firms. In this respect the firms’ hiring preferences may be in terms of operating leases or finance leases. However, these lease preferences can caused significant differences in the company’s income statement and statement of financial position (balance sheet). Explaining the lease in terms of tax legislation and Turkey Accounting Standards (TMS), we mean to determine the differences between operating lease and financial lease which begin with the accounting process and evaluate the affects on the financial statements and the ratios.
References
- Akgüç, Ö. (1994). Finansal Yönetim. İstanbul: Avcıol Basım-Yayın. Beattie, V., Edwards, K., & Goodacre, A. (2012). The impact of constructive operating lease capitalisation on key accounting ratios. Accounring ond Business Research, 233-254. Branswijcki, D., Longueville, S., & Everaert, P. (2011). The Financial Impact Of The Proposed Amendments To IAS 17: Evidence From Belgium And The Netherlands. Accounting and Management Information Systems, 275-294. Ceylan, A. (2003). Finansal Teknikler. Bursa: Ekin Yayınevi. Doyrangöl, N. C. (tarih yok). Son Düzenlemelere Göre Finansal Kiralama İşlemlerinin Düzenlenmesi. http://archive.ismmmo.org.tr/docs/malicozum/64MaliCozum/02-%2064%20NURAN%20C%C3%96MERT%20DOYRANG%C3%96L%20.doc adresinden alındı Gökgöz, A. (2013). Finansal Kiralama İşlemlerinin Muhasebeleştirilmesi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 107-122. Gönen, S., & Akça, N. (2014). Finansal Kiralama İşlemlerinin TMS-17 Kiralama İşlemleri Standardı ve Vergi Usul Kanunu Açısından Muhasebeleştirilmesi. Muhasebe ve Finansman Dergisi, 71-94. Grenadier, S. R. (1996). Leasing and Credit Risk . Journal of Financial Economic, 333-364 . Kostolansky, J., Altschuler, D., & Stanko, B. B. (2012). Financial Reporting Impact Of The Operating Lease Classification. The Journal of Applied Business Research, 1509-1514. Köksal, A. G., & Beller, B. (2013). Finansal Kiralama İşlemlerinin TMS 17, Vergi Mevzuatı, BDDK Tebliği Açısından İncelenmesi ve Muhasebe Uygulamaları. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 150-171. Lease, R. C., McConnell, J. J., & Schallheim, J. S. (1990). Realized Returns and the Default and Prepayment Experience of Financial Leasing Contracts. Financial Management, 11-20. Maliye Bakanlığı, 319 Sıra No’lu Vergi Usul Kanunu Genel Tebliği. (2003, 07 01). 06 25, 2015 tarihinde http://www.mevzuat.gov.tr/Metin.Aspx?MevzuatKod=1.4.213&MevzuatIliski=0&sourceXmlSearch= adresinden alındı Okka, O. (2009). Analitik Finansal Yönetim. İstanbul: Nobel Yayın Dağıtım. Şenay, E. (1987). Finansal Kiralama. Tarihsel ve GÜncel Ekonomide Dialog Dergisi. Toroslu, M. V. (2000). Çağdaş Finansal Teknikler. İstanbul: Beta Basım. Türkiye Muhsasebe Standartları Kurulu (TMSK), Türkiye Muhasebe Standardı (TMS) 17 Kiralama İşlemleri. (tarih yok). 06 25, 2015 tarihinde http://kgk.gov.tr/contents/files/TMS17.pdf adresinden alındı
Effects of Financial Leasing on Financial Ratios and Tables by Turkish Accounting Standard 17 (TMS 17)
Abstract
The firms have options of “purchasing" or "hiring" methods to obtain the economic assets needed to perform their activities. Especially when it comes to fixed assets, firms prefer to hire option since they initially do not want to invest a significant amount of funding for long-term assets or the difficulty of finding the necessary funds for the purchase or assets pose a high risk to the firms. In this respect the firms’ hiring preferences may be in terms of operating leases or finance leases. However, these lease preferences can caused significant differences in the company’s income statement and statement of financial position (balance sheet). Explaining the lease in terms of tax legislation and Turkey Accounting Standards (TMS), we mean to determine the differences between operating lease and financial lease which begin with the accounting process and evaluate the affects on the financial statements and the ratios.
References
- Akgüç, Ö. (1994). Finansal Yönetim. İstanbul: Avcıol Basım-Yayın. Beattie, V., Edwards, K., & Goodacre, A. (2012). The impact of constructive operating lease capitalisation on key accounting ratios. Accounring ond Business Research, 233-254. Branswijcki, D., Longueville, S., & Everaert, P. (2011). The Financial Impact Of The Proposed Amendments To IAS 17: Evidence From Belgium And The Netherlands. Accounting and Management Information Systems, 275-294. Ceylan, A. (2003). Finansal Teknikler. Bursa: Ekin Yayınevi. Doyrangöl, N. C. (tarih yok). Son Düzenlemelere Göre Finansal Kiralama İşlemlerinin Düzenlenmesi. http://archive.ismmmo.org.tr/docs/malicozum/64MaliCozum/02-%2064%20NURAN%20C%C3%96MERT%20DOYRANG%C3%96L%20.doc adresinden alındı Gökgöz, A. (2013). Finansal Kiralama İşlemlerinin Muhasebeleştirilmesi. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 107-122. Gönen, S., & Akça, N. (2014). Finansal Kiralama İşlemlerinin TMS-17 Kiralama İşlemleri Standardı ve Vergi Usul Kanunu Açısından Muhasebeleştirilmesi. Muhasebe ve Finansman Dergisi, 71-94. Grenadier, S. R. (1996). Leasing and Credit Risk . Journal of Financial Economic, 333-364 . Kostolansky, J., Altschuler, D., & Stanko, B. B. (2012). Financial Reporting Impact Of The Operating Lease Classification. The Journal of Applied Business Research, 1509-1514. Köksal, A. G., & Beller, B. (2013). Finansal Kiralama İşlemlerinin TMS 17, Vergi Mevzuatı, BDDK Tebliği Açısından İncelenmesi ve Muhasebe Uygulamaları. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 150-171. Lease, R. C., McConnell, J. J., & Schallheim, J. S. (1990). Realized Returns and the Default and Prepayment Experience of Financial Leasing Contracts. Financial Management, 11-20. Maliye Bakanlığı, 319 Sıra No’lu Vergi Usul Kanunu Genel Tebliği. (2003, 07 01). 06 25, 2015 tarihinde http://www.mevzuat.gov.tr/Metin.Aspx?MevzuatKod=1.4.213&MevzuatIliski=0&sourceXmlSearch= adresinden alındı Okka, O. (2009). Analitik Finansal Yönetim. İstanbul: Nobel Yayın Dağıtım. Şenay, E. (1987). Finansal Kiralama. Tarihsel ve GÜncel Ekonomide Dialog Dergisi. Toroslu, M. V. (2000). Çağdaş Finansal Teknikler. İstanbul: Beta Basım. Türkiye Muhsasebe Standartları Kurulu (TMSK), Türkiye Muhasebe Standardı (TMS) 17 Kiralama İşlemleri. (tarih yok). 06 25, 2015 tarihinde http://kgk.gov.tr/contents/files/TMS17.pdf adresinden alındı
Details
| Primary Language | English |
|---|---|
| Subjects | Business Administration |
| Journal Section | Review Article |
| Authors | |
| Publication Date | July 31, 2016 |
| Published in Issue | Year 2016Volume: 8 Issue: 3 |
