Features of the formation of information and accounting of lease relations during the transition to FSA 25/2018 «Lease accounting»

Abstract

The article provides an illustration of lease relations using an example of an industrial company entering into lease relations as both a lessee and a lessor. The features of lease relations in the context of the transition of Russian accounting to federal standards, in particular to FSA 25/2018 «Lease accounting», are considered. The importance of understanding the regulatory changes in the accounting of lease relations for groups of industrial companies is determined. The article reveals the peculiarities of accounting for the lessor and the lessee in accordance with FSA 25/2018, examples of the reflection of business transactions on the accounts of industrial companies are given in chronological order: before and after the introduction of FSA 25/2018. Conclusions are drawn and the features of the reflection of accounting records for lease agreements during the transition to the federal standard are revealed.