Home  Journals  International Accounting  19(313) - 2014 May

Modification of Russian accounting techniques in implementation of the International Financial Reporting Standards implementation: methodical providing

Available online: 2 June 2014

Subject Heading: REFORMATION OF REPORTING

JEL Classification: 

Pages: 47-55

The article points out the possibility that the Russian companies very soon will have a legal option to waive the right of conducting accounting according to the Russian Accounting Standards (RAS) and to move over to only the International Financial Reporting Standards (IFRS). The paper considers the need for development of a set of advisory methodical documents at the level of national accounting regulation system. The authors offer the structure of recommendations to organizations for development of working chart of accounts.

Keywords: accounting, International Financial Reporting Standards, chart of accounts

References:

1. Order of the Ministry of Finance of the Russian Federation "Submission of financial statements" IAS 1 of November 25, 2011 № 160-n.
2. Order of the Ministry of Finance of the Russian Federation "Accounting reports of an organization” (Accounting Regulations 4/99) of July 06, 1999 № 43-n.
3. EU Accounts Modernization Directive. Available at: Link.
4. Available at: http//Link.

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

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