On the specifics of lease accounting in modern conditions

The article proves the expediency of transition to international financial reportingstandards. The authors consider the peculiarities of domestic accounting standardsand their applicability in modern conditions. The authors show examples ofrecording lease relations and give practical recommendations on the applicationof the international standard in accounting by domestic companies. These changesmay affect the specific conditions of loan agreements, credit ratings and borrowingcosts. All these will allow you to receive more complete and reliable informationabout the lease transactions.