Home  Journals  International Accounting  8(128) - 2009 August

Practical application of ifrs’s requirements under russian conditions: accounting of property, plant and equipment

Available online: 26 August 2009

Subject Heading: On the way to international standards

JEL Classification: 

The article analyses detail the requirements of international financial reporting standards (IFRS) for accounting for property, plant and equipment in context of there implementing by Russian entities. The systems of regulatory documents, the issues of recognition, measurement at and after recognition, depreciation, derecognition are considered consistently. Each IFRS’s requirement is compared to Russian accounting practice and law requirements. Possibilities and restrictions for matching of Russian accounting policy to IFRS are valued. Particular attention is concentrated on the debatable controversial issues, being trouble causes in Russian accounting practice.

Keywords: International financial reporting standards (IFRS), Accounting, Property, plant and equipment (PPE), Financial statements, Asset, Recognition, Measurement, Accounting policy

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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