Features of accounting for property leases in organizations in accordance with the requirements of the Federal accounting standard FSB 25/2018 «Lease accounting»

Abstract

In the existing realities, transformations of the regulatory regulation of Russian accounting are taking place, as a result of which national standards are updated in accordance with international requirements. the development and adoption of the «Federal Accounting Standard FSB 25/2018 "Lease Accounting"» is one of the stages of such transformation in the article, the authors analyzed the fundamental aspects of the organization of accounting for property lease transactions in organizations. the requirements for information in accounting and accounting statements of an economic entity, defined by the federal standard, as well as the procedure for assessing assets and liabilities in accordance with IFRS 16 «Lease», are considered. the procedure for determining the initial value of the rental object, its market and fair value is analyzed. the methodological basis of the study includes a critical analysis and generalization of regulations governing this area of accounting in Russian and international practice. A step-by-step instruction for the application of FSB 25/2018 «Lease Accounting» in the accounting of property from the tenant and the landlord is presented.