Reforming accounting in Russia: reflection of lease operations by the lessor in accordance with FAS 25/2018

In the process of reforming accounting in Russia, FAS 25/2018 was issued, which introduced a number of principles for innovations in lease relations. New concepts have emerged that make up rental investments: leased object, gross, fair, present value, right to use the asset, net investment value, discount rate and others. During the research, an analysis was carried out of the accounting and display of rental transactions with the lessor and their reflection in reporting in accordance with FAS 25/2018. The differences between leasing operations (non-operating leases) and operating leases are identified. Indicators of the net value of a rental investment are determined, classified and calculated, including gross, present value, fair value and interest income to form the net value of the investment. An algorithm for retrospective recalculation of financial leasing agreements has been developed, a system for accounting for financial lease transactions in accounting accounts has been proposed, and adjustments have been made to reflect new accounting items in the financial statements. Provisions are formulated on the methodology for calculating the discount rate for the net cost of rental investments. Recommendations have been developed for reflecting leasing transactions in the Accounting Policies.