LEASEBACK CASH FLOWS MODELING AS A TOOL OF FINANCIAL MANAGEMENT Nikita Andreevich VAKUTIN

Leaseback, being a modern financial management tool, allows business entities to quickly attract funds to cover the cash gap without releasing assets from the production process. The need to justify the choice of leaseback as a financial management tool by comparing the leaseback cash flows with bank lending as an alternative financing option predetermined the relevance of the study.

The purpose of the scientific study is to develop a methodological approach to modeling leaseback cash flows, allowing to justify the management decisions of an organization on the choice of sale and leaseback as a financial management tool aimed at eliminating the problem of cash shortages.

The subject of the study are leaseback cash flows.

General scientific methods of comparison, analysis and synthesis were used in the study. A review of literary sources and regulatory legal documents was used.

The study found that leaseback cash flows, in comparison with credit financing, are more profitable for the business entity due to tax benefits and additional revenue from the sale of leased property, inherent in sale and leaseback. The use of leaseback allows for the prompt attraction of additional funds, solving the problem of their deficit and eliminating the existing cash gap.