Home  Journals  International Accounting  3(201) - 2012 January

Disclose information in domestic and international accounting standards and international financial reporting

Available online: 23 January 2012

Subject Heading: REFORMING of REPORTING

JEL Classification: 

Creation of system of regulation of book keeping and the reporting is one of the primary goals of reforming now. It should correspond to the conventional approaches in the world to book keeping conducting, requirements of users of the financial information in market economy. Formation of the financial reporting according to the international financial reporting standards (IFRS) gives to the Russian enterprises possibility of familiarizing with the international markets of the capital. Application of principles IFRS at drawing up of the financial reporting allows to present the information characterizing a property status and financial results of activity of the organization, clear to all users, and thus to gain trust of real and potential investors.

Keywords: information disclosing, Russian Accounting Standards, International Financial Reporting Standards, management

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

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