ORGANIZATION AND METHOD OF ACCOUNTING FOR LEASE TRANSACTIONS IN AGRICULTURAL ENTERPRISES
LIUBAR Oksana Oleksandrivna – Candidate of Economic Sciences, Associate
Professor of the Department of Accounting, Vinnytsia National Agrarian University (14
Pervozvannoho Str., Vinnytsia, 21027, e-mail: OsanaL66@ukr.net).
ISHCHENKO Yana – Candidate of Economic Sciences, Associate Professor of the
Department of Accounting and Taxation in the Fields of the Economy, Vinnytsia National
Agrarian University (21008, Vinnytsia, Soniachna Str., 3, e-mail: firstname.lastname@example.org).
The article deals with the economic essence and content of lease. For the purpose of
ordering, purposeful and effective regulation, the main classification features of lease are
defined and systematized. The functions of lease are considered. The problems of legal
regulation of lease relations in Ukraine are outlined.
Investigating the inclusion in the accounting of the subjects of lease transactions in
the lease of fixed assets and other non-current assets using the national accounting
standards, a list of elements of accounting policy is proposed.
The necessity and directions of improvement of documentary registration of the
lease have been substantiated. Peculiarities of the organization of synthetic and analytical
accounting of lease operations (operational and financial lease, land lease) are considered,
and directions of its improvement are proposed by introducing sub-accounts of the second
and third orders for the formation of the necessary information on lease objects from the
lessee and the lessor, which will provide an increase in the analyticity of the accounting
information; off-balance-sheet sub-accounts for the accounting of objects leased, the
application of which allows the formation of accounting data by types of non-current assets
and places of their use.
Also the way of displaying information of lease transactions in accounting and the
specifics of taxation of leases was considered.
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071 Accounting and taxation
072 Finance, banking and insurance
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
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