Home  Journals  International Accounting  21(171) - 2011 June

Harmonization problems of the Russian accounting rules for lease with IFRS

Available online: 7 June 2011

Subject Heading: PROBLEMS OF THE ACCOUNT

JEL Classification: 

In system of the accounting regulations there is no standard devoted to reflexion of lease relations. In this sphere the Ministry of Finance of Russia Order of 1997 for account of operations under leasing contracts operates only. The further development of accounting in Russia will be guided still by rapprochement with international standards (IFRS). Thereupon there is a problem of working out of the national standard similar IAS 17 «Leases». Introduction of the international rules is interfered by features of the national legislation.

Keywords: International Financial Reporting Standard (IFRS), accounting regulation (PBU), national standard, IAS 17 «Leases», financial lease, operational lease, leasing.

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ISSN 2311-9381 (Online)
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