FIXED ASSETS RENTAL: INTERNATIONAL PRACTICE AND DOMESTIC EXPERIENCE

The article examines the issue of fixed assets lease transactions, referring to international practice and the gained domestic experience of business entities. The normative legal provisions on lease of fixed assets in the international arena and at the national level are analyzed. Significant differences in practices under IAS 14 Leases and IAS 16 Leases compared to IAS 17 Leases have been identified. The issue of accounting for lease of fixed assets for operating and financial lease from the lessee and the lessor is covered. The principle of changing the provisions of rent accounting in practice is revealed. The importance of the economic component and the commercial function of leasing operations management is determined.