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International Accounting
 

The use of IFRS, US GAAP and RAS for the financial of accounting of large business Russia

Vol. 14, Iss. 2, JANUARY 2011

Available online: 20 January 2011

Subject Heading: REFORMING OF ACCOUNTING

JEL Classification: 

Belskikh I.E. professor of the chair of World economy and the economic theory, Volgograd State Technical University
igbelvolgograd@rambler.ru

The global economy requires consideration and evaluation of business assets on the basis of international financial reporting. Analysis of data on the use of different accounting standards the large companies in Russia proves the wide spread international accounting rules. The author predicts an increase in the number of Russian companies applying the international system and accounting standards.

Keywords: International financial reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP),  Russian Accounting Standards (RAS), business

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

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