Home  Journals  International Accounting  42(240) - 2012 November

Improvement of accounting of funds of target financing in according to requirements of WTO and IFRS

Available online: 14 November 2012

Subject Heading: Account problems

JEL Classification: 

On entering Russia into the World Trade Organization (WTO) the Russian agro-industrial complex leaves on a new stage of the development when dynamics will be defined by WTO requirements. The main requirements are adoption of obligations about the volumes of measures of the state support to agriculture in short-term and long-term prospect: division of the state support in WTO framework into three baskets: "green", "yellow" and "blue"; optimization and decrease in "green" basket with simultaneous increase in "yellow". In this regard the solutions of questions of the accounting of the expenses made at the expense of means of target financing within new requirements of the WTO and the International Financial Reporting Standard (IFRS) are offered.

Keywords: WTO, targeted funding, production costs, accounting of expenditures made from the trust fund by the rules of the RAS and IFRS, accounting reform

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

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