LEASE IN ANALYTICAL ACCOUNTING PRACTICE: THE LOGIC OF IDENTIFICATION AND DEVELOPMENT PROSPECTS
V.V. Kovalev
Saint Petersburg State University, Universitetskaya Embankment, 7/9, St. Petersburg, 199034
Keywords: стандарты финансовой отчетности, профессиональные бухгалтерские институты, лизинг, финансовая аренда, операционная аренда, международные стандарты, сопоставимость, corporate reporting, professional accounting institutions, leasing, financial lease, operational lease, IFRS, GAAP, comparability
Abstract
The article describes the evolution of accounting lease legislation. The author revealed the logic of demarcation of term «lease» from accounting and financial position, motives and principles, which guided legislators when they were allocated. It’s established that the main reason of leases reflection reform in accounting and reporting is a real demonstration of financial dependence level of a business entity. This is due to the fact that, regardless of the criteria for identifying types of leases, companies are more likely to enter into contractual arrangements falling under the operating lease category. Projects of changes in standards of IFRS and domestic Russian accountant system are considered. It’s proved that there’s no possibility to achieve an absolute comparability of reporting data, arising at reporting transformation in IFRS format because of the existing rules of the domestic account. The author considers different ways of the decision of the specified problems.
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