Subject. This article discusses the theoretical and methodological aspects of accounting for lease transactions set forth in the Federal Accounting Standards (FSBU) for Public Finance – Leases and (FSBU) 25/2018 – Accounting for Leases. Objectives. The article aims to conduct a comparative analysis of the provisions of the new federal standards governing the accounting for lease transactions in organizations of the public and private sectors of the economy. Methods. For the study, we used analysis, systematization, comparison, and generalization. Results. Based on the analysis of the provisions of the standards establishing the rules for lease accounting, the article identifies quite significant differences in the regulatory framework and presents the author-formulated proposals for the convergence of lease accounting in the sectors under consideration. The article also reveals the different significance of the classification of lease accounting objects for the organization of accounting for the lessor and the lessee. Conclusions. Taking into account the fact that the parties to a lease agreement can be organizations from different sectors of the economy, the article concludes that it is necessary to develop common approaches and terminology to harmonize standards in the field of lease accounting.
Keywords: lease, lessor, lessee, FSBU, organizations of public and private sectors of economy
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