Reforming accounting for lease transactions in Russia in the context of convergence with IFRS

This article discusses the process of reforming accounting in accordance with IFRS 16 "Leases", this standard came into effect on 1 January 2019.Despite the active work of Russian legislators in terms of convergence of IFRS and RAS, accounting for financial assets in these systems still has significant differences, and requires adjustments. However, the development of accounting adjustments is highly individual for each individual company and depends on a lot of internal factors.