Analysis of efficiency of financial leasing

Abstract

The article substantiates the necessity of periodic monitoring of methods for assessing the effectiveness of leasing operations for their relevance in connection with the changing information base for management analysis and improvement of its methods. The problem is that existing analytical methods objectively require constant improvement in connection with the growth of quality and the increase of transparency of the information base for economic analysis. The purpose of the study was to create a methodology for analyzing the effectiveness of leasing operations based on indicators compiled on the current requirements of international financial reporting standards. The authors of the study suggest the effect of the leasing agreement to be defined as the difference between the potential costs of the lessee enterprise when acquiring fixed assets under the leasing agreement and the potential costs of the borrowing enterprise when acquiring property under a purchase and sale contract at the expense of a credit or a loan. The comparative efficiency of leasing is proposed to be defined as the ratio of the effect of the leasing contract to the potential costs of the lessee. Lists of potential expenses of the lessee and the borrower are drawn up in accordance with the applicable regulatory legal acts, taking into account the tax consequences of transactions and the inflation component. The methodology developed by the authors of the article will help the managers of the enterprises to make the right management decisions regarding the choice of the source of financing when updating the basic production assets, to improve the efficiency of transactions, to optimize the costs of the enterprise.