The Accounting Obstacles to Implementing the Leasing (Financial Leasing) Method in the Savings and Real Estate Investment Bank

Abstract

The research aims to identify the accounting obstacles that stand in the way of implementing financial leasing at the Real Estate Savings and Investment Bank in its branches in Tarhuna, Bani Walid and Qasr Bin Ghashir, as it focused on three main axes: the human element, measurement and accounting disclosure. The research used the descriptive analytical approach through a questionnaire distributed to the research sample of (50) questionnaires and (40) valid for analysis. and tested using statistical methods such as the arithmetic mean, relative weights, and standard deviation. The results revealed significant accounting constraints in all three areas: the weakness of human resources in terms of academic qualifications and training consistent with the financial leasing method; constraints in measuring the fair value of assets and liabilities; constraints in clarifying financial and credit risks; shortcomings in predicting future cash flows; and shortcomings in accounting disclosure in light of the requirements of international accounting standards to enhance transparency regarding financial leasing activities. The study recommended developing educational and training programs for human resources, involving experts specializing in financial leasing, developing the foundations of accounting measurement to ensure the accuracy and integrity of leasing accounting procedures, and enhancing the need to enhance comprehensive accounting disclosure of leasing activities in financial statements to achieve transparency and objectivity.