Leaser's accounting: new rules and issues

The new lease accounting procedure raises conceptual issues, as well as techniques for reflecting the usual operations in the leaseholder's accounting. Some difficulties may arise with the assessment of new leaseholder's accounting facilities. In this article the author examines the emerging problems of lease accounting for the leaseholder in terms of determining the discount rate, qualification of rental properties and their depreciation and offers options for their reflection in accounting and reporting.