Home  Journals  International Accounting  24(174) - 2011 June

Methods of preparation of the financial reporting in format MCFO

Available online: 23 June 2011

Subject Heading: REFORMING OF THE REPORTING

JEL Classification: 

In the article features of preparation of the financial reporting according to IFRS taking into account existing Russian and international practice are opened. In particular, the concept of transformation of the financial reporting is specified. The basic methods of preparation of the financial reporting according to МСФО are described. Article contains results of the spent comparative analysis of methods of preparation of the reporting in format IFRS, and also the description of their advantages and disadvantages.

Keywords: financial statements, transformation, parallel accounting (conversion), International financial reporting standards

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

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