Accounting treatment of leases and loans and its impact on corporate decisionmaking

Szőnye Borbála (2025) Accounting treatment of leases and loans and its impact on corporate decisionmaking. Pénzügyi és Számviteli Kar.

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Absztrakt (kivonat)

This thesis examines how the accounting treatment of leases and loans influences corporate financing decisions, with particular attention to the implications of IFRS 16 and IAS 23. While both financing methods enable companies to obtain productive assets without immediate full payment, their differing effects on ownership, balance-sheet structure, cash flow, taxation and performance indicators meaningfully shape managerial judgement. Building on an extensive literature review, regulatory analysis and a practical case study, the research compares how leases and loans alter key financial statements, affect indicators such as EBITDA and leverage, and ultimately influence investment appraisal through tools like NPV and IRR. Primary insights are enriched by an expert interview with a Hungarian leasing professional and by empirical observations of SME financing behaviour across sectors. The findings show that leasing often supports liquidity, flexibility and accessibility — especially for financially constrained firms — whereas loan financing remains advantageous for companies prioritising ownership, depreciation benefits and long-term control. By integrating theoretical frameworks with real-world practice, the study demonstrates that accounting rules do not merely record transactions but actively shape strategic financing choices and stakeholder perceptions. The thesis concludes with recommendations for firms seeking to balance transparency, financial stability and strategic growth when choosing between leasing and loan financing.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Pénzügyi és Számviteli Kar

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Pénzügy és Számvitel

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	accounting, banki hitelezés, decision making, döntés-előkészítés, IAS, IFRS, leasing
SWORD Depositor:	User Archive
Felhasználói azonosító szám (ID):	User Archive
Rekord készítés dátuma:	2026. Júl. 09. 11:12
Utolsó módosítás:	2026. Júl. 09. 11:12

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