ACCOUNTING FOR OPERATING LEASES OF FIXED ASSETS

The relevance of rental relations development in Ukraine today is due, foremost, to the significant share of obsolete equipment, low efficiency of its use and spare parts absence. Leasing is an alternative to bank lending and an advantageous tool for the effective process of fixed assets and enterprises technologies updating in all areas of economic activity. The purpose of the research is the definition and reflection of fixed assets operating leases in accounting. The content of the «lease» category, filed in the current legislative acts and regulations, is considered. It was found that the common in the above interpretations is the urgent and paid use of assets in the implementation of rental operations, the definition of rental objects, financial leasing, types of rental operations has distinctive features. The features of rental operations reflection on the accounts of the lessee and lessor are disclosed. The analysis of scientific works, publications, legislative and regulatory framework, the parallel between regulatory accounting and tax legislation on accounting for operating leases of fixed assets is conducted.