Home  Journals  Finance and Credit  12(588) - 2014 March

Modification of the Russian accounting techniques in implementation of the International Financial Reporting Standards: methodical providing

Available online: 16 March 2014

Subject Heading: FINANCIAL STATEMENTS

JEL Classification: 

Pages: 16-23

The article points out that the option of granting to the companies at legislative level of the right to refuse conducting accounting according to the Russian Standards and to pass only to the International Financial Reporting Standards (IFRS) is quite possible soon. The paper considers the need for development of a set of methodical documents of advisory nature in these conditions at the level of national system of regulation of accounting. The authors offer the structure of recommendations to the organizations for development of working book of accounts.

Keywords: accounting, International Financial Reporting Standards, book of accounts

References:

1. The order of the Ministry of Finance of the Russian Federation "Submission of financial statements" IAS 1 of November 25, 2011 № 160.
2. The order of the Ministry of Finance of the Russian Federation "Accounting reports of the organization” (PBU 4/99) of July 06, 1999 № 43.
3. EU Accounts Modernization Directive. Available at: Link.
4. Available at: http//Link.

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

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