PRACTICAL EXPERIENCE OF APPLICATION OF FSBU 25/2018 "LEASE ACCOUNTING" IN THE RUSSIAN FEDERATION

Abstract

This article discusses the main practical ex- perience of using FSBU 25/2018 "LEASE ACCOUNTING" IN THE RUSSIAN FEDER- ATION. Serious application of IFRS may have a positive impact on those Russian companies that do not plan to enter the in- ternational (financial) markets in the near future. The effectiveness of the application of IFRS will lie in the fact that providing man- agers with information that will contribute to the competent treatment of the market and the investor will also not destroy, but only strengthen the system of corporate trust and behavior. The most effective application of IFRS in companies will be the owner, who does not have representatives in the com- pany's management and will not be forced to be content with information from the financial statements.