Home  Journals  Finance and Credit  36(564) - 2013 September

Realization of professional judgment when forming accounting reports of organization

Available online: 26 September 2013

Subject Heading: FINANCIAL STATEMENTS

JEL Classification: 

In the article it is noted that now the Russian system of accounting develops in the direction of unification with the international standards (IFRS). This is evidenced came into force on from 01.01.2013 of 06.12.2011 № 402-FZ «On accounting». It is emphasized that the International Financial Reporting Standards are based on application of professional judgment. As the process of changes in the Russian accounting is directed on rapprochement from IFRS, the problem connected with professional judgment became very urgent.

Keywords: professional judgment, accounting policies, accounting reports

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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