Trapeznikova N.G.Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russian Federation nata-trapeznikova@yandex.ru ORCID id: not available
Subject This article examines the issues related to the upcoming introduction of the new Federal Accounting Standard FSBU 25/2018 Accounting for Leases. It will be mandatory for business use in Russia, starting with reporting for 2022. Objectives The article aims to analyze complex methodological issues of lease accounting when implementing the Standard FSBU 25/2018 and determine how to improve the regulatory framework of domestic accounting. Methods For the study, we used the methods of systems analysis and generalization of legislative and regulatory documents relating to lease agreements. Results The article finds out that one of the reasons for the problems identified is the brevity of the methodological documents including the ones that describe the issues of lease accounting presented in the International Accounting Standards regulations in more detail. Conclusions and Relevance The article concludes that it is necessary to develop methodological recommendations on the application of FSBU 25/2018, which will present a unified methodological approach to the definition of Unguaranteed Residual Value and qualification of lease contracts and contracts that have various terms of validity. The results of the study are intended for scientific and practical activities and training of specialists in accounting and auditing, as well as the development of proposals to improve the method of domestic accounting, focused on convergence with contemporary international practice.
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