Subject The article deals with the issues of IFRS 16, considering the theoretical economic concepts contained in this Standard. Results The article suggests a new definition for lease which highlights the basic aspects of accounting of its facilities and lease payments. Conclusions Adaptation of IFRS 16 to the specifics of the activities of domestic parties of lease deals will modernize the accounting procedures that reflect the lease, and ultimately help complete the Project of the RF Accounting Regulations on Lease.
Keywords: lease, accounting, right of use, right of property, control, leased facility
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