Lease accounting, transition to a new federal standard

The article reveals the specifics of the application of the standard 25/2018 “LeaseAccounting”, what changes in accounting for tenants and landlords and how to switch to a newaccounting procedure for financial leases. The new lease standard applies to contracts with acertain validity period, that is, to a specific contract, and not to the enterprise as a whole. Thearticle presents accounting entries and examples of simplified accounting with and withoutdiscounting, as well as accounting for finance leases.