Open AccessAccounting and Audit of Rental Operations in the New Conditions
Author(s) -
Yuriy Kochinev,
Natalia Neelova
Publication year - 2022
Publication title -
auditor
Language(s) - English
Resource type - Journals
ISSN - 1998-0701
DOI - 10.12737/1998-0701-2022-8-2-10-16
Subject(s) - renting , lease , accounting , audit , business , finance , actuarial science , engineering , civil engineering
The article analyzes the issues of accounting for lease transactions in accordance with the FSBU 25/2018 "Lease Accounting" that came into force on 01.01.2022. Accounting for assets and liabilities subject to recognition and evaluation by both the lessor and the lessee is considered. A number of examples of accounting for rent from the lessor and lessee when transferring ownership of the lease to the lessee and when returning the leased object to the lessor are given. Recommendations are proposed to auditors auditing the financial statements of participants in rental relations.