Home  Journals  International Accounting  12(534) - 2025 December

Accounting for operating lease at private and general government sectors organizations: Some considerations

Received: 29 October 2025

Accepted: 20 November 2025

Available online: 16 December 2025

Subject Heading: NATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: М41

Pages: 24-48

https://doi.org/10.24891/laexph

Subject. This article discusses the theoretical, methodological, and practical aspects of lease transactions accounting and disclosure in financial statements under operating lease agreements.
Objectives. The article aims to conduct a comparative analysis of the application of federal standards in the regulation of operating lease accounting at private and general government sectors organizations.
Methods. For the study, we used the methods of analysis and synthesis, and comparison.
Results. The article identifies critical differences in the methods of accounting for operating leases in organizations within the sectors under consideration, namely the different approaches to assessing lease liabilities and right-of-use assets and the procedures for recording them in the accounts. The article presents proposals for making changes to the methodology for accounting for operating leases, established by regulatory acts in the public administration sector.
Conclusions and Relevance. The critical differences found in the approaches to accounting for lease transactions in the accounting and reporting of organizations in the sectors considered do not make it possible to identify ways to harmonize accounting methods. The practical implementation of standard norms appears to be difficult. The research results can be used for the further development of methods for accounting for operating leases in private sector organizations and public sector entities, as established by Federal Accounting Standards (FSBU) for Public Finance – Leases and (FSBU) 25/2018 – Accounting for Leases.

Keywords: accounting for operating lease, lessor, lessee, Federal Accounting Standards (FSBU) 25/2018 – Accounting for Leases, (FSBU) for Public Finance – Leases

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