租赁会计中英文外文文献翻译2016年最新译文.doc

本科毕业设计（论文） 中英文对照翻译 (此文档为word格式,下载后您可任意修改编辑!) 标题：Comment letter activity: A response to proposed changes in lease accounting 作者：Fernando Comiran, Carol Graham 期刊：Research in Accounting Regulation,28卷，109-117页 年份：2016 原文 Comment letter activity: A response to proposed changes in lease accounting Fernando Comiran, Carol Graham Abstract This study examines the motivations that lead some firms to lobby, via comment letters, against the changes in accounting for leases proposed by FASB/IASB. There are at least three distinct motivations for a company to lobby against the proposed changes: a high perceived cost of implementation/operation, a belief that the changes will increase the cost of capital, and a desire on the part of management to avoid any administrative burden associated with the changes. Our research suggests that companies that engage in lobbying are concerned with the costs of such changes (renegotiation of debt covenants, auditor fees, change in IT systems, etc.), but they also seem to be motivated by their accounting managers desire to avoid any additional effort that the changes will require. Keywords：Leases， Comment letters， FASB 1. Introduction At the suggestion of the SEC in 2005, the FASB undertook a controversial joint project with the IASB aimed at converging lease accounting standards. More than a decade later on February 25, 2016, Accounting Standards Update (ASU) No. 2016-02 Leases was issued and will be effective for most companies after December 18, 2018.1 This report provides an analysis of the more than 1400 comment letters sent to the FASB/IASB in response to accounting changes proposed via ASC 840 and 842 Leases. Although the economic impact of the changes proposed by the FASB/IASB was not clear, they generated strong opposition from companies. Our analysis reveals that approximately 80% of the comment letter lobbying firms were against the proposed changes. While there is a substantial body of empirical research devoted to understa