Academic journal article The Journal of New Business Ideas & Trends

Editorial Vol. 15 Iss. 2 2017

Academic journal article The Journal of New Business Ideas & Trends

Editorial Vol. 15 Iss. 2 2017

Article excerpt

This issue of the journal contains three (3) papers all with a focus on accounting issues each offering a perspective on practical aspects that are relevant to accounting applications in professional accounting practice.

Articles

The first paper "Implications of the New Accounting Standard for Leases AASB16 (IFRS 16) with the Inclusion of Operating Leases in the Balance Sheet" (Joubert, Garvie & Parle, 2017) examines the potential impact that the new leasing standard will have on the key financial ratios of major companies in the telecommunications and aviation sectors where leasing plays a major role in the operations of the firms. The findings suggest that the inclusion of the additional leased items, previously classified as operating leases, does impact on the return on total assets and debt to equity ratios.

The second paper "Deconstructing the Accounting Standard AASB 13 Fair Value: Exit vs Entry Price for Assets" (Dunbar & Laing, 2017) examines the flaw in the cost price valuation technique espoused in AASB 13 as an optional method for determination of fair value of an asset. …

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