International Accounting

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
Google Scholar

Online available



Cyberleninka (12 month OA embargo)

Lease accounting in terms of standardization of accounting as a methodology for the development of accounting and control procedures

Vol. 22, Iss. 4, APRIL 2019

Received: 7 February 2019

Received in revised form: 25 February 2019

Accepted: 4 March 2019

Available online: 15 April 2019


JEL Classification: М41

Pages: 379–392

Alekseeva G.I. Financial University under Government of Russian Federation (Financial University), Moscow, Russian Federation

ORCID id: not available

Subject This article examines the Russian Accounting Standards for lease agreements, set out in the new Federal Accounting Standard FAS 25/2018 Accounting for Lease, which is mandatory for use, starting with accounting (financial) reporting for 2022.
Objectives The article aims to study and compare the new Russian Accounting Standards for lease agreements and international requirements described in IFRS 16 Lease, in order to identify the common and differences.
Methods For the study, I used the categorical and systems approaches, and the methods of analysis, comparison, and expert estimates.
Results The article reveals the essence and types of lease agreements, the procedure of accounting by the lessee and the landlord in accordance with the new lease agreement accounting standards.
Conclusions and Relevance The article concludes that FAS 25/2018 Accounting for Lease is developed on the basis of IFRS 16 Lease, the provisions of the Russian standard are almost identical to the international accounting standards for lease agreements. The information presented in the article develops both the theory and practice of accounting, and can be of interest to accountants and managers of organizations, and applied in the educational process.

Keywords: lease, lessor, lessee, accounting, IFRS


  1. Alekseeva G.I. [Current aspects of lease accounting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2008, no. 5, pp. 13–19. (In Russ.)
  2. Alekseeva G.I. [New requirements of International Financial Reporting Standards to accounting of lease agreements]. Bukhgalter i zakon = Accountant and Law, 2016, no. 4, pp. 2–9. URL: Link (In Russ.)
  3. Alekseeva G.I., Dombrovskaya E.N. (Eds). MSFO v Rossii kak novaya intellektual'naya sreda. V kn.: Vzglyad professional'nogo soobshchestva: monografiya [IFRS in Russia as a new intellectual environment. In: View of the professional community: a collective monograph]. Moscow, KnoRus Publ., 2018, 200 p.
  4. Alekseeva G.I., Dombrovskaya E.N., Prizhennikova A.N. (Eds). Razvitie sovremennoi ekonomiki: uchetnye mekhanizmy i pravovoe regulirovanie: monografiya [Development of modern economy: accounting mechanisms and legal regulation: a collective monograph]. Moscow, KnoRus Publ., 2018, 218 p.
  5. Alekseeva G.I., Dombrovskaya E.N., Prizhennikova A.N. (Eds). Problemy ucheta i prava v sovremennoi Rossii: monografiya [Problems of accounting and law in modern Russia: a collective monograph]. Moscow, Rusains Publ., 2017, 188 p.
  6. Varnakova G.F. [Accounting for leasing operations lessor]. Actualscience, 2016, vol. 2, no. 4, pp. 71–72. URL: Link (In Russ.)
  7. Vakhrushina M.A. [Accounting of lease transactions. Russian approach of the lessee, accounting and tax aspects]. Lizing = Leasing, 2010, no. 7, pp. 5–10. (In Russ.)
  8. Delyanova N.S. [A new methodology of lease accounting: the project of FAS Accounting for Lease]. Studencheskaya nauka i XXI vek, 2018, no. 1(16), pp. 339–342. (In Russ.)
  9. Demina I.D. [Accounting of operating and financial leases in the agricultural organizations]. Bukhuchet v sel'skom khozyaistve = The Journal of Accounting in Agriculture, 2014, no. 7, pp. 49–56. (In Russ.)
  10. Dun I.R. [Residual value of equipment: Accounting aspects for the lessor]. Lizing = Leasing, 2016, no. 5, pp. 41–46. (In Russ.)
  11. Dun I.R. [Accounting of leasing property at the lessee]. Lizing = Leasing, 2015, no. 8, pp. 50–57. (In Russ.)
  12. Kovalev Vit.V. [About the essence of leasing operations]. Vestnik Sankt-Peterburgskogo universiteta = St. Petersburg University Journal of Economic Studies, 2006, iss. 3, pp. 41–50. URL: Link (In Russ.)
  13. Malinovskaya N.V. Primenenie MSFO (IFRS) 16 “Arenda” v usloviyakh reformirovaniya lizingovoi otrasli. V kn.: MSFO v Rossii kak novaya intellektual'naya sreda. Vzglyad professional'nogo soobshchestva. Monografiya [Application of IFRS 16 Lease in the conditions of reforming the leasing industry. In: IFRS in Russia as a new intellectual environment. View of the professional community: a collective monograph]. Moscow, KnoRus Publ., 2018, pp. 152–161.
  14. Malinovskaya N.V. Informatsionnoe obespechenie lizingovoi deyatel'nosti v usloviyakh reformirovaniya otrasli. V kn.: Fenomen rynochnogo khozyaistva: vektory i osobennosti evolyutsii [Information framework for leasing during the industry reforms. In: Phenomenon of the market economy: Directions and distinctions of its evolution]. London, LSP, 2017, pp. 537–543.
  15. Malykh N.I. [Leasing as a form of financing investment projects and its accounting according to International Financial Reporting Standards]. Audit i finansovyi analiz = Audit and Financial Analysis, 2015, no. 2, pp. 240–245. URL: Link (In Russ.)
  16. Prodanova N.A., Malykh N.I. [Financial lease accounting practices under the Russian GAAP and IFRS]. Chelovek. Obshchestvo. Inklyuziya = Human. Society. Inclusion, 2016, no. 3-2(27), pp. 71–78. (In Russ.)
  17. Alekseeva G.I., Dombrovskaya E.N. (Eds). MSFO v Rossii: praktika primeneniya, problemy adaptatsii, perspektivy razvitiya: monografiya [IFRS in Russia: application, adjustment, prospects of development: a collective monograph]. Moscow, Rusains Publ., 2017, 164 p.

View all articles of issue


ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 22, Iss. 4
April 2019