Implementering af IFRS 16

Pang, Stanley Chun Yin

4. semester

Revision (cand.merc.aud.), Kandidat

2022

2022-01-03

74 pages

Udarbejdet på engelsk jf. nedenfor.

Abstract: Over the last, few years leasing has been one of the more popular financial methods to use. Leasing is a company that pay a monthly fee, so the company can have the rights and control over the asset. By using leasing, the Dachser Denmark A/S can get an advantage by obtaining a lower cash commitment. In 2016, the International Accounting Standard Board, also known as IASB have published the new leasing standard IFRS 16 due to the critics received from the former standard, IAS 17. The difference between the leasing standards is the way to recognize the leasing contracts in the annual report. The companies had the opportunity to choose between operating lease and financial lease, which would be classified and recognized in two different ways. The purpose of this change was to achieve an identical method for all lease contracts, and this way get a more transparent financial statement. Due to the changes in the leasing standard, Dachser Denmark A/S have requested some help with the transition from IAS 17 to IFRS 16. The first step in IFRS 16 is to identify the leasing contacts. There are many estimates related to IFRS 16, that Dachser Denmark A/S need to consider, including estimates to set the interest rate and the incremental borrowing rate. Dachser Denmark A/S need to set a rate for the different leasing type, where Dachser Denmark A/S primary leasing are related to lease of buildings and trucks. Due to the above, we have assisted Dachser Denmark A/S to set the interest rate and calculate the effect of IFRS 16 in the annual report for Dachser Denmark A/S, based on the prerequisites and information we have achieved.

IFRS 16

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