Prague University of Economics and Business
Faculty of Finance and Accounting Study programme “Finance and Accounting”
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M a s t e r T h e s i s E v a l u a t i o n
Supervisor form
Student name: Asel Raimjanova
Title of the thesis: The implementation of IFRS 16 by a lessee
Year of the defence: 2021 Supervisor name
and affiliation: David Procházka
Department of Financial Accounting and Auditing Reviewer name
and affiliation: Libor Vašek
Department of Financial Accounting and Auditing
THESIS CONTENT SUMMARY:
The objective of thesis is “to investigate theoretical aspects of lease accounting standards and empirically examine IFRS 16 implementation on the example of a company”. The author is interested especially in assessing of practical challenges surrounding the adoption of IFRS 16 in the selected company. A standard structure of the master thesis is followed, i.e. the introduction motivating the thesis is accompanied by the description of developments of lease accounting, with a major focus on the new standard IFRS 16. The case study is performed using data of Novartis AG company.
OBJECTIONS AND REMARKS:
The theoretical part may contain a table summarising the importance of operating leases, based on data from financial statements of real companies (e.g., using a sample of the firms listed on any EU large stock exchange).
Despite the case study focuses on a specific implementation situation in Novartis, it would be appropriate to generalise the findings of the study, e.g., by comparing the impact of IFRS 16 on Novartis’ financial statements with the effect of financial statements of its main competitors.
Page 2/2 QUESTIONS FOR THE DEFENCE:
How much focus was put by the Novartis investors, regarding the impact of IFRS 16 adoption on its financial statements? You can refer, e.g., to public conference calls with financial analysts or presentations to investors. Were any mentions of the effects of IFRS 16 adoption in the Management Commentary (in the annual report for 2019)?
