ACCOUNTING METHODOLOGY SPECIFIC TO OPERATIONAL LEASING FOR LESSEE FROM A NATIONAL AND INTERNATIONAL PERSPECTIVE

Paliu – Popa Lucia and Cosneanu Lavinia
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Paliu – Popa Lucia: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Cosneanu Lavinia: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Authors registered in the RePEc Author Service: Lucia Popa Paliu

Annals - Economy Series, 2021, vol. 2, 42-48

Abstract: Taking into account that following the application of various accounting regulations for the same company and the reporting period, the information provided by the financial statements of an entity regarding the operating leasing transactions in the lessee's accounting (prior to the date of 01.01.2019) was not sufficient for investors and analysts in order to make decisions, to ensure comparability between entities, but also to determine the degree of indebtedness and used capital, they adjusted the elements of the statement of financial position with the information on operating leasing found in the explanatory notes. Looking from this perspective and taking into account the major importance of the complete description of economic phenomena related to the operational leasing transactions in lessee’s accounting, we considered it useful to conduct a study to analyze the possibility of reducing the differences in the presentation of similar phenomena from an economic point of view, in the financial reporting of the lessee, respectively in the way of accounting for its operational leasing transactions, in order to facilitate the interpretation of information on these operations, in all markets and to all users of accounting information. In this regard, we will address issues related to ensuring complete registration in accounting, depending on the national and international reference, ensuring the comparison of the usefulness of accounting information in the two variants.

Keywords: accountancy; operational leasing; lessee; debt; result of the exercise (search for similar items in EconPapers)
Date: 2021
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