Lease: Problematic Aspects of Accounting and Reporting Information Formation
https://doi.org/10.26794/2408-9303-2020-7-2-30-39
Abstract
In the light of the recently adopted new Russian and international standards in accounting and tax accounting, significant changes in the regulation of lease accounting have been made. Unfortunately, the newly adopted rules are not always ideal in terms of their practical application. The article is devoted to a critical analysis of the regulations of the international standard IFRS (IFRS) 16 “Lease” and the Russian standard FSBU25/2018 “Lease Accounting.” The methodological basis of the study includes a critical analysis of the new requirements for accounting for lease transactions in the systems of Russian and international standards in terms of their validity, logic and completeness. The result of the study is the justification of the presence of both positive and problematic aspects in the innovations introduced in the regulation of accounting for leases in IFRS16 and in the Russian standard FSBU25/2018. Recommendations have been made to address the problematic issues of lease accounting and reporting information. The theoretical and practical significance of the study lies in the possibility of using its results in the preparation of new and improved existing accounting regulations in the process of its further development at the national and international levels.
About the Authors
T. Yu. Druzhilovskaya
Lobachevsky State University of Nizhny Novgorod
Russian Federation
Russian Federation
Tat’yana Yu. Druzhilovskaya — Dr. Sci. (Econ.), Professor of the Accounting Department in the Institute of Economics and Entrepreneurship
Nizhny Novgorod
E. S. Druzhilovskaya
Lobachevsky State University of Nizhny Novgorod
Russian Federation
Russian Federation
Emiliya S. Druzhilovskaya — Cand. Sci. (Econ.), Associate Professor of the Accounting Department in the Institute of Economics and Entrepreneurship
Nizhny Novgorod
References
1. Kovalev V. V. Lease category in accounting and analytical practice: The logic of identification and development prospects. Vestnik NGUEU = Bulletin of the NSUEM. 2017;(4):102–107. (In Russ.).
2. Get’man V. G. Critical assessment of important novels in accounting. Uchet. Analiz. Audit. = Accounting. Analysis. Auditing. 2018;5(6):67–72. (In Russ.). DOI: 10.26794/2408–9303–2019–5–6–67–72
3. Rozhnova O. V. The modern trends of financial reporting development. Uchet. Analiz. Audit. = Accounting. Analysis. Auditing. 2018;5(2):26–35. (In Russ.). DOI: 10.26794/2408–9303–2018–5–2–26–35
4. Druzhilovskaya E. S. The principles of financial reporting in Russia and in IFRS. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budget and Non-profit Organizations. 2016;399(15):2–13. (In Russ.).
5. Druzhilovskaya T. Yu. Conceptual framework for financial reporting of IFRS: A critical analysis of new approaches. Mezhdunarodnyi bukhgalterskii uchet = International Accounting. 2017;20(10):596–610. (In Russ.). DOI: 10.24891/ia.20.10.596
6. Vakhrushina M. A. Standardization of Russian management accounting as a condition for its further development. Uchet. Analiz. Audit. = Accounting. Analysis. Auditing. 2018;5(3):72–81. (In Russ.). DOI: 10.26794/2408–9303–2018–5–3–72–81
7. Alekseeva G. I. Lease accounting in the conditions of standardization of accounting as a methodology for the development of accounting and control processes. Mezhdunarodnyi bukhgalterskii uchet = International Accounting. 2019;22(4):379–392. (In Russ.).
8. Gerasimova L. N., Plaskova N. S. Lease accounting in public medical institutions: The new rules. Bukhuchet v zdravookhranenii = Healthcare Accounting. 2019;(6):13–25. (In Russ.).
9. Dombrovskaya E. N. Accounting of calculations for utility payments for the leased property. Bukhgalterskii uchet i nalogooblozhenie v byudzhetnykh organizatsiyakh = Accounting and Taxation in Budget Organizations. 2018;(1–2):62–67. (In Russ.).
10. Druzhilovskaya E. S. Examples of rental accounting in accordance with FSBU25/2018. Bukhgalterskii uchet = Accounting. 2019;(6):18–26. (In Russ.).
11. Mizikovskii I. E., Bazhenov A. A. Rent as a fact of the economic life of a single management cycle of a unitary enterprise. Upravlencheskii uchet = Managerial Accounting. 2017;(5):11–16. (In Russ.).
12. Slabinskaya I. A., Ust’-Kochkintseva T. A. Features of accounting for the lease of fixed assets in commercial organizations. Belgorodskii ekonomicheskii vestnik = Belgorod Economic Bulletin. 2019;(1):152–159. (In Russ.).
13. Blinov O. A., Novikov U. I. Reflection of financial rent in the accounting system of the enterprise. British Journal for Social and Economic Research. 2017;2(5):27–32.
14. Trojanek M., Anholcer M., Banaitis A., Trojanek R. A generalised model of ground lease pricing. Sustainability. 2018;10(9):1–21. DOI: 10.3390/su10093203
15. Zou B., Luo B. Why the uncertain term occurs in the farmland lease market: Evidence from rural China. Sustainability. 2018;10(8):1–15. DOI: 10.3390/su10082813
16. Gyau K. A.B., Gyamfi-Yeboah F. The effect of ground rent and unexpired lease term on property values in Ghana. International Journal of Housing Markets and Analysis. 2019;12(3):504–524. DOI: 10.1108/IJHMA-05–2018–0033
17. Nurkasheva N. S., Dosmanbetova A. S., Zharylkasinova M. Z. Impact of lease accounting according to international financial reporting standards on the indicators of financial statements in Kazakhstan. Journal of Applied Economic Sciences. 2018;13(4):979–986.
18. Kachkova O. E., Vakhrushina M. A., Demina I. D., Krishtaleva T. I., Sidorova M. I., Dombrovskaya E. N., Klepikova L. V. Developing the accounting concept in the public sector. European Research Studies Journal. 2018;21(1):636–649.
19. Kulikova L. I., Druzhilovskaya T. U., Druzhilovskaya E. S. Challenges of the practical application of international accounting standard on property, plant and equipment by Russian companies. Journal of Engineering and Applied Sciences. 2018;13(3):569–574. DOI: 10.36478/jeasci.2018.569.574
20. Zaridis A. D. Comparative analysis of leasing’s evaluation as a method of financing investments in Greek agribusiness sector before and during Greek economic crisis. Journal of Business and Economic Development. 2017;2(2):79–86. DOI: 10.11648/j.jbed.20170202.12
21. Wineman A., Liverpool-Tasie L. S. Land markets and equity of land distribution in Northwestern Tanzania. Agricultural and Applied Economics Association.2016;(July–August):1–31. DOI: 10.22004/ag.econ.235893
22. Druzhilovskaya T. Yu. The use of fair value in connection with the innovation of its introduction in federal accounting standards. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budget and Non-profit Organizations. 2018;(1):2–10. (In Russ.).
Review
For citations:
Druzhilovskaya T.Yu., Druzhilovskaya E.S. Lease: Problematic Aspects of Accounting and Reporting Information Formation. Accounting. Analysis. Auditing. 2020;7(2):30-39. (In Russ.) https://doi.org/10.26794/2408-9303-2020-7-2-30-39
Views: 849
.png)
.png)
Email this article 
