Comparative analysis of leasing transactions according to ias 17 and ifrs 16 standards and the impacts on the financial situation of companies

The standards related to leasing transactions are issued by the International Accounting Standards Board (IASB), which has adopted the mission of developing international standards in ensuring transparency, accountability, reliability and effectiveness in global financial markets. The IASB has issued IFRS 16 Leasing Standard, which will be replaced with the existing IAS 17 Leasing Standard, which was in effect in 13 January 2016. The aim of this doctoral thesis is to examine the similarities / differences by comparing IAS 17 and the new IFRS 16 standards with respect to the tenant and the landlord, investigate whether the appropriateness of necessity has increased and determine the effects of the new standard on the financial statements. In accordance of purpose of the study, the footnotes of companies that are traded on the BIST (except the financial corporation) and the company that shows operating lease arrangement are out of balance sheet (as footnotes) have been reviewed and financial ratio calculations have been made to the financial statement items for comparison of IAS 17 and IFRS 16. Statistical analysis and tests were applied using the SPSS program to compare the data obtained after the calculations made. According the findings obtained from the study result, it has been seen that IFRS 16 leads to important impacts on the all companies that used leasing together with depending on the preference for leasing, the preference for reporting, the intensity of use and the sector in which it operates. When we evaluate the sector on the basis it has been determined that especially manufacturing in company's balance sheet have the real image, the present situation will have a more realistic and more objective image. Key Words: UFRS 16, UMS 17, Operating Lease Transactions, Lease Capitalization