Title Conceptual changes in lease accounting: Regulatory and academic challenges
Authors MOLINA SÁNCHEZ, HORACIO, Enguidanos, Araceli Mora, MOLINA SÁNCHEZ, HORACIO
External publication No
Means Rev. Contab.
Scope Article
Nature Científica
SJR Quartile 4
SJR Impact 0.21000
Area International
Publication date 01/01/2015
ISI 000365353800010
Scopus Id 2-s2.0-84922879896
DOI 10.1016/j.rcsar.2015.01.001
Abstract The aim of this paper is to show that the position of those who set accounting standards and that of pressure groups is consistent with the Ideology Theory of regulation and Positive Accounting Theory of economic consequences, respectively. However, contrary to previous literature on lobbying, it is argued that in an international context and after some years of experience with IFRS, all the agents, and not just the standard setters, use conceptual and technical arguments to defend their position, as interest groups, mainly preparers, think their lobbying activity will be more effective. For this analysis, the current proposal for changing the accounting regulations of leasing contracts has been selected, as well as the comment letters received. The results of the analysis are consistent with the theories when showing the position of both the standard setters and interest groups, although they show a use of the conceptual framework as an excuse for their arguments. The controversy surrounding the proposal is discussed in detail, highlighting the potential of this topic for accounting research. 2013 ASEPUC. Published by Elsevier Espana, S.L.U. All rights reserved.
Keywords Leasing accounting; Accounting regulation; Lobbying; Conceptual framework
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