Development of Lease Accounting and Right-of-Use Asset Frameworks in Russia and Internationally: Key Factors

Introduction. The relevance of the study is driven by the large-scale transformation of lease accounting following the introduction of new standards (IFRS 16 and FSBU 25/2018), which have significantly impacted corporate financial reporting. This study aims to identify and systematize the factors influencing the formation and development of the accounting concept for lease objects and rights to use assets, with a focus on harmonization of Russian and international standards. Materials and Methods. Using a systematic approach, comparative historical analysis, and analysis of regulatory documents (IFRS 16, FSBU 25/2018) and scholarly publications (2000–2025), the research examines the evolution of lease accounting in Russia and internationally. Results. Main factors include the growing complexity of business relations, the need for reporting transparency, the shift from legal form to economic substance, institutional reforms, and the impact of tax and regulatory environments. The adoption of International Financial Reporting Standards (IFRS 16) and Federal Accounting Standard (FSBU 25/2018) has aligned Russian practice with global standards, emphasizing the recognition of right-of-use assets and lease liabilities. Discussion and Conclusion. The development of lease accounting reflects a transition from expense-based models to asset capitalization, driven by economic, regulatory, and methodological factors. Future evolution will be shaped by digitalization, ESG reporting, and the integration of intangible assets into accounting frameworks.