Since 2019, the company on the international financial reporting standards is waiting for a revolution in accounting for leasing. The new rules eliminate the concept of operational leasing in the financial statements. All contracts that meet the concept of leasing, will be indicated on the balance sheet as an obligation.

The development of the Russian economy is difficult to imagine without investment in further technical reequipment of the country. In this regard, the renewal of fixed assets by certain types of legal entities, as well as for state and municipal needs through leasing is relevant and in some cases quite a complex process.

In order to properly make depreciation on the fixed asset transferred to the lease, it is necessary to clearly determine on the balance sheet of which party it will be taken into account.

Value added tax (VAT) is the subject of not only the tax but also of accounting. Accountants of leasing companies, with the exception of applying special tax regimes, has to work with VAT: refl ect on accounts, payroll operations transferred to the budgetary system and the reimbursement to the bank account, credit against payment in other tax amounts of value added tax; develop accounting and tax reporting. This article contains information about the correctness of formation, registration and refl ection in tax accounting the value added tax, especially its management, the accounting policy of leasing company for tax accounting purposes, and to refl ect on the value added tax on accounts, are the major errors in the recording of this tax and proposals to minimize these errors.

In General, leasing is a long — term lease of fixed assets, so the purpose of the lease audit is to check the lease agreements concluded for compliance with Russian legislation, and in the case of international leasing-for compliance with international law.

A good way to reduce risks is insurance coverage, which often compensates for possible losses of participants in a leasing transaction. There is no direct indication that such insurance is mandatory in the legislation of the Russian Federation. However, lessors always insure their property, transferred under a leasing agreement, from standard property risks, or require the lessee to perform insurance at his expense.

The article discusses the concept of economic security and its importance for economic entities. The authors have shown the role of the risk management and internal control system in ensuring economic security. It presents risk management strategies and risk assessment approaches. The necessity of using both qualitative and quantitative approach to risk assessment is shown. The possibility of applying the degree of fi nancial leverage as a tool to ensure economic security is considered.

The issue of leasing business organization, as you know, depends on the properly formed by the head of the leasing company organizational structure and organizational forms of leasing management.