Home  Journals  International Accounting  1(151) - 2011 January

Methodical approaches to parallel accounting in accordance with IFRS in agricultural-industrial enterprises

Available online: 18 January 2011

Subject Heading: REFORMING OF ACCOUNTING

JEL Classification: 

IFRS conversion involves dramatic changes of accounting system at the enterprise. It implies not only revision of accounting preparation methods but introduction of new lines of accounting policy and changes in accounting chart and document flow schedule as well. Accounting chart is an integral part of accounting system. Development of accounting chart in parallel accounting will allow to improve analytical possibilities of accounting and, therefore, facilitate financial reporting in accordance with IFRS. The present article suggests a working accounting chart for IFRS accounting, which reflects all specific details of agricultural production in accounting policy of an enterprise.

Keywords: accounting chart, IFRS accounting chart, IFRS, RAS (Russian Accounting Standards), parallel accounting, agricultural sector, agro-industrial complex, agricultural business, International accounting practices, accounting practices in agriculture, financial accounting

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

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