Federal Accounting Standard 25/2018 "Lease accounting" as an element of convergence of Russian accounting with international standards

This article describes the procedure for accounting for lease relations in accordance with the Federal accounting standard 25/2018 "Lease Accounting". The article considers innovations that will become mandatory from January 1, 2022 in terms of accounting for the right to use an asset leased and the fulfillment of obligations. The emphasis is placed on the conditions that must be met by a contract that qualifies as a "lease agreement", according to this standard.