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International Accounting
 

Topical issues of practical application of Federal Accounting Standard (FSBU) 25/2018 – Accounting for Leases

Vol. 28, Iss. 1, JANUARY 2025

Received: 2 December 2024

Accepted: 23 December 2024

Available online: 20 January 2025

Subject Heading: NATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: М41

Pages: 4-23

https://doi.org/10.24891/ia.28.1.4

Natal’ya V. NEELOVA Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation
neelova@kafedrapik.ru

https://orcid.org/0000-0002-5770-8806

Yurii Yu. KOCHINEV Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation
kochinev@kafedrapik.ru

https://orcid.org/0000-0002-7253-148X

Lyudmila A. GUZIKOVA Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation
guzikova@mail.ru

https://orcid.org/0000-0002-0925-1565

Ol’ga N. MAKAROVA Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation
makarova_on@spbstu.ru

https://orcid.org/0000-0002-1849-0648

Subject. This article discusses the lease relations regulated by Federal Accounting Standard (FSBU) 25/2018 – Accounting for Leases.
Objectives. The article aims to identify problems in the practical application of FAS (FSBU) 25/2018 and develop recommendations for their elimination based on IFRS 16 – Leases.
Methods. For the study, we used the methods of analysis and synthesis, comparison, and generalization.
Results. The article identifies transactions that are not regulated by FAS (FSBU) 25/2018. It clarifies the wording of the cases of classification of lease and sublease as operating ones and, based on the analysis of the presentation of lease accounting items in the financial statements, offers the authors-developed recommendations for changing the accounting of financial leases with the lessor-manufacturer.
Conclusions. Certain transactions that are not regulated by FAS (FSBU) 25/2018 should be recorded in accounting and reporting on the basis of the original source, namely IFRS 16.

Keywords: FAS (FSBU) 25/2018, right-of-use an asset, IFRS 16, investment in a lease, investment property, sublease, lessor-producer

References:

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