Mislavskaya N.A.professor, Federal State Educational Institute of Higher Professional Education «Finance Academy under the Government of Russian Federation» (495) 615-12-82
Polenova S.N.associate professor, Federal State Educational Institute of Higher Professional Education, Finance Academy under the Government of Russian Federation polenov_d@mail.ru
Today the International Accounting Standards Board of the financial reporting makes considerable work, carrying out projects on improvement of some standards, and also under the edition of new documents. In 2009 and 2010 years changes have concerned standards, among which IAS 1 «Representation of the financial reporting». The document has changed and, in our opinion, became liberal. Given article is devoted consideration appeared in IAS 1 «Representation of the financial reporting» innovations.
Keywords: International Financial Reporting Standards, IAS 1 «Representation of the financial reporting», changes, improvements
