Home  Journals  International Accounting  6(252) - 2013 February

Adoption of International Financial Reporting Standards in Russia: influence on the valuable importance of financial reports

Available online: 19 February 2013

Subject Heading: ON WAY TO THE INTERNATIONAL STANDARDS

JEL Classification: 

The purpose of article is definition of influence of adoption of the International Financial Reporting Standards (IFRS) on the valuable importance of indicators of financial statements in Russia. In the article the hypothesis of power of interrelation of the data prepared on the basis of IFRS, and the data prepared according to the Russian standards of the financial account, with indicators of stock market is tested. Results show that during the comparing and an assessment of two standards, in the Russian market the valuable importance of financial statements for external users at application of IFRS doesn't increase.

Keywords: IFRS, Russian accounting standards, value relevance

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

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