Improving the accounting of operating leases

Akimov Andrey Alexandrovich, Kistkina Natalia Yurievna

Purpose: The purpose of the work is to develop recommendations for improving the accounting of operating leases in commercial organizations. Methods: The following methods were used in the research process: dialectical, comparative law, logical, document study, method of a systematic approach, normative. Results: Problematic issues arising in the classification of operating leases have been identified. The proposals aimed at clarifying the wording of FSB 25/2018 "Lease Accounting" are formulated. The approaches to drawing up the account plans of holding companies in accordance with the FSB and IFRS are proposed. Conclusions: Based on the results of the study, proposals have been formulated to improve the accounting of operating leases, which will increase efficiency, reduce the complexity of synthetic and analytical accounting, improve the accuracy of the wording of FSB 25/2018, reduce the cost of transformation and consolidation of financial statements in accordance with IFRS, and also provide an opportunity to unify the approaches used by various organizations to accounting for operating leases. The results of the study can be used by holding companies in the development of accounting policies, as well as by public authorities to improve the regulatory regulation of accounting for operating leases.

Keywords:IFRS; FSB; operating lease; chart of accounts; mapping.