Home  Journals  International Accounting  5(203) - 2012 February

Specifics of financial analysis of IFRS accounting statements in Russian companies

Available online: 30 January 2012

Subject Heading: REFORMING OF THE REPORTING

JEL Classification: 

Financial analysis of IFRS accounting statements is more useful and fair in comparable with analysis of accounting statements prepared using national accounting standards. But sometimes regular techniques of analysis can not give true and fair results due to manipulations with functional currency, accounting policy principals, appearing or disappearing of voluntary disclosures in financial statements. The article describes technology of financial reports analysis on different company life-cycle stages. As a result some specific analytical instruments are suggested, which can help to evaluate the quality of preparation of financial statements, find bottlenecks of a company business by comparing financial reports prepared using national and international accounting standards.

Keywords: financial analysis, financial ratios, company life-cycle, recognition, disclosure, measurement, functional currency, technology of accounts preparation, notes analysis, comparative analysis of financial statement based on Russian and international standards

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

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