New standard of the leasing transactions accounting in the international financial reporting standards (IFRS, GAAP). Influence of changes on the reporting of the leading Russian airlines

In the current conditions many Russian airlines adjust the financial accounting to the international standards in order to attract the stock market capital and to receive the foreign credit and leasing resources. The transformation of the financial statements determines changes in such financial performance as profit, earnings before interest and amortisation, and balance sheet total. In these conditions it is necessary to analyze the latest innovations in methods of the leasing transactions accounting, and also to estimate the influence degree of the international standards introduction on the financial performance of the air carriers.