Home  Journals  International Accounting  23(221) - 2012 June

Integration schemes of conceptual bases of financial statements in IFRS and Russian accounting

Available online: 15 June 2012

Subject Heading: REFORMING of REPORTING

JEL Classification: 

The author investigates and compares the first edition of Conceptual bases of IFRS, and also the new draft of Concepts prepared in common by Council for IFRS and Council for standards of the financial accounting of the USA. On the basis of experience СМСФО concerning development of Concepts the author offers the project of conceptual bases of the financial statements, recommended in the form of methodical recommendations and intended for universal application both in the Russian account, and in the account according to requirements of IFRS.

Keywords: users of financial statements, purpose financial statements subjects of financial statements, accounting principles, determination of financial statement elements, evaluation of financial statement elements, concept of equity capital and maintenance, concept of control and risk

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

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