Evitando Turbulências: Impactos da Nova Norma de Leasing na Evidenciação da American Airlines.

In July 2006, the FASB and IASB initiated a joint project in order to develop a commom standard for the register of all leasing operations in the balance sheet and reduce divergences that affect the quality of accounting information. A new form of lease accounting came into effective on January 1, 2019, through IFRS 16, approved by IASB and ASU 2016-02 "Leases" (Topic 842), as issued by FASB. A report released by IFRS Foundation in 2016 verified the effects of the standard on various sectors and identified that the companies with the most impact will be the airlines companies. Thus, this paper sought to analyze how American Airlines tried to anticipate the new leasing accounting method in its financials reports. This company is considered the largest airline in the world by fleet number, revenue and passengers. A descriptive analysis of the 2016 and 2017 10-K forms showed that American Airlines only mentioned the presence of a new leasing standard. Looking at accounting statistics in 2018, there is a $ 10 billion impact on lease liabilities and right-of-use assets on the Balance Sheet, $ 197 million in cumulative DMPL adjustment credit, and $ 16 million less in revenue. before tax. In addition, it was found that in 2018, with operating lease accounting being register on the balance sheet, the company's obligations increased by approximately 34%. [ABSTRACT FROM AUTHOR]