Home  Journals  International Accounting  24(366) - 2015 June

Statistical and financial accounting: a comparative analysis

Available online: 28 July 2015

Subject Heading: NATIONAL STANDARDS OF ACCOUNTING AND REPORTING

JEL Classification: 

Pages: 2-9

Subject According to the Constitution of the Russian Federation, the official statistical and financial accounting systems are within the jurisdiction of the Russian Federation. These two types of accounting should be consistent in terms of their logic, and have similar conceptual framework. However, in practice, there are significant differences between them.
     Objectives The purpose of the study is to analyze the two types of accounting that are enshrined in the basic law of the Russian Federation.
     Methods The methodological basis of the study includes federal laws, international and national standards, orders of the RF Ministry of Finance in respect of accounting and reporting, the works of national and foreign authors. Scientific research methods include analysis, synthesis, and comparison.
     Results The article provides a brief historical overview of the types of accounting; considers the conceptual framework of statistical accounting; describes the accounting paradigm; compares the national regulatory framework with international standards; identifies similarities and differences between statistical and financial accounting. The study shows fundamental differences in some key terms of the different types of accounting in the Russian Federation.
     Conclusions The comparative analysis demonstrates that the current regulatory framework for statistical and financial accounting of the Russian Federation has substantial differences. It is advisable to synchronize these accounting systems.

Keywords: statistical accounting, financial accounting, State regulation, basic concepts, accounts

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