Impact of the Application of FAS 25/2018 «Accounting for Leases» on the Financial Performance of the Lessee

Natalia Neelova; Yuriy Kochinev; L. A. Guzikova

doi:doi:10.12737/1998-0701-2023-9-5-33-44

UDC 657.3

Impact of the Application of FAS 25/2018 «Accounting for Leases» on the Financial Performance of the Lessee

Published в Auditor · Volume 9, Issue 5, 2023 · Pages 33–44 · Rubrics: ACCOUNTING AND REPORTING

DOI 10.12737/1998-0701-2023-9-5-33-44

Received: 04.04.2023 Accepted: 29.04.2023 Published: 27.07.2023

Authors

Natalia Neelova ¹ iD · Yuriy Kochinev ² · L. A. Guzikova ³

1 Peter the Great Saint-Petersburg Polytechnic University (Graduate school of industrial economics, Associate Professor)
from 01.01.1995 until now g. Sankt-Peterburg, St. Petersburg, Russian Federation

2 Peter the Great Saint-Petersburg Polytechnic University (Graduate school of industrial economics, professor)
Sankt-Peterburg, St. Petersburg, Russian Federation

3 Peter the Great Saint-Petersburg Polytechnic University (Graduate school of industrial economics, Professor)

ABSTRACT

Th e relevance of the topic is due to the transition of non-financial organizations in the Russian Federation from 2022 to a new procedure for accounting for lease agreements in accordance with FAS 25/2018 «Accounting for leases». The paper considers changes in the accounting of lessees, different ways of accounting for lease agreements (the main accounting procedure and simplified methods: without discounting the lease liability and without recognizing the right of use asset and liability), differences with tax accounting for income tax. The influence on the financial statements of the lessee and financial ratios is revealed. Th e dynamics of expenses during the lease term, its dependence on the discount rate and methods of transition to FAS 25/2018 are analyzed.

KEYWORDS

lease accounting lessee financial statements right-of-use asset lease liability income tax FAS 25/2018

Information

Authors:

1. Peter the Great Saint-Petersburg Polytechnic University (Graduate school of industrial economics, Associate Professor)
from 01.01.1995 until now
g. Sankt-Peterburg, St. Petersburg, Russian Federation

2. Peter the Great Saint-Petersburg Polytechnic University (Graduate school of industrial economics, professor)

Sankt-Peterburg, St. Petersburg, Russian Federation

3. Peter the Great Saint-Petersburg Polytechnic University (Graduate school of industrial economics, Professor)

Type:

Article

Pages:

from 33 to 44

Status:

Published

Subject area:

UDC 657.3

Language:

Russian

Keywords:

lease accounting, lessee, financial statements, right-of-use asset, lease liability, income tax, FAS 25/2018

References

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