Some reflections on the application of the concept of essence over form in leasing operations in the lessee and lessor before and after IFRS 16

Authors

DOI:

https://doi.org/10.21680/2176-9036.2025v17n1ID35404

Keywords:

Leasing; IFRS 16; Substance over form

Abstract

Purpose: The present theoretical essay aims to assess the impacts of normative changes on the topic through a comparative study of the norms, emphasizing the approach related to “substance over form”.

Methodology: The qualitative method was used to develop the study, through bibliographical and documentary research, where current scientific articles, books, accounting standards and procedures relating to the topic issued by national and international organizations were collected, which supported a comparative study on the changes made to the normative update on the accounting of leasing operations

Results: The results presented important points for the discussion, such as the main impacts caused by IFRS 16, the requirements for formalizing the leasing contract between the parties involved and the fact that the standard radically changes the concept of substance over form in the leasing.

Contributions of the Study: It was concluded that, although IFRS 16 contributed to the improvement of the quality of the information presented by the lessees, in some cases the information does not represent the contract status reliably, due to the possibility of double accounting of the asset, as well as the differentiated adoption of the concept of substance over form in the lessee and lessor.

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Author Biographies

Jorge Katsumi Niyama, Universidade de Brasília - UnB

He holds a degree in Accounting from Fundação Escola de Comércio Álvares Penteado (1974), a master's degree in Controllership and Accounting from the University of São Paulo (1982) and a doctorate in Controllership and Accounting from the University of São Paulo (1990) and post-doctorate from the University of Otago (2005). In 2014, he began his second post-doctorate at the University of Coimbra and at the Instituto Universitário de Lisboa/ISCTE in (Portugal), having concluded in 2015. He is currently a full professor at the University of Brasília, teaching undergraduate and postgraduate courses (master's and PhD). He was part of the Executive Board of ANPCONT - National Association of Postgraduate Programs in Accounting Sciences for 4 terms (2007-2013). Editor-in-Chief of the journal CONTBILIDADE, GESTÃO E GOVERNANÇA, (2011-2014). He is an ad consultant hoc of CAPES and CNPq, reviewer of national and international periodicals. He worked as an ad hoc consultant for the MEC and on the Commission of Teaching Specialists of the National Course Exam and ENADE NACIONAL. Author and co-author of the books TEORIA DA CONTABILITY, TEORIA ADVANCED ACCOUNTING, INTERNATIONAL ACCOUNTING, FINANCIAL INSTITUTIONS ACCOUNTING, among others. Has experience in the area of Accounting Sciences. Works mainly on the following topics: accounting disclosure.

Paulo César de Melo Mendes, Universidade de Brasília - UnB

Doctor and Master in Accounting Sciences from UnB, through the Multi-institutional and Inter-regional Postgraduate Program UFPB, UFRN, UnB. Adjunct Professor at the Accounting Department at UnB, teaching the Tax Accounting course. Specialization in Internal and External Auditing. Co-author of three chapters of the book: Accounting for Competition and Qualification Exam and co-author of a chapter of the book Advanced Accounting Theory. Both published by Editora Atlas. He has published some articles in academic and specialized journals and works published in conferences. Advisor and researcher in the area of Taxes, Auditing, International Standards and Accounting Expertise. He works as an Independent Auditor, Financial Consultant and Accounting Expert.

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Published

02-01-2025

How to Cite

NIYAMA, J. K.; MENDES, P. C. de M. Some reflections on the application of the concept of essence over form in leasing operations in the lessee and lessor before and after IFRS 16. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte, [S. l.], v. 17, n. 1, p. 203–216, 2025. DOI: 10.21680/2176-9036.2025v17n1ID35404. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/35404. Acesso em: 8 jan. 2025.

Issue

Vol. 17 No. 1 (2025): Jan./Jun.

Section

Section 1: Accounting Applied to the Business Sector (S1)

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