Kozmenkova S.V.Lobachevsky State University of Nizhny Novgorod - National Research University, Nizhny Novgorod, Russian Federation skozmenkova@yandex.ru
As a public mechanism for supporting the agricultural sector evolves and Russia accedes to the WTO, there arise new requirements to compiling information on budgetary funds. The requirements are governed with International Financial Reporting Standards and International Accounting Standards, rather than only the Russian GAAP. The article presents a comparative analysis of conditions and a procedure for entering State aid into accounting records in compliance with IAS 20 and the Russian GAAP (PBU) 13/2000. The article also discusses the specifics of recognizing such State aid in financial statements. We refer to specific practical examples to illustrate the procedure for recognizing State aid.
Kozmenkova S.V. Metodicheskie podkhody k auditorskoi proverke prav neisklyuchitel’nogo pol’zovaniya na selektsionnye dostizheniya [Methodological approaches to audits of non-exclusive rights to selection achievements]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2012, no. 21, pp. 29–34.
Kozmenkova S.V., Shatina E.N. Osobennosti primeneniya MSB (IAS) 41 ‘Sel’skoe khozyaistvo’ v rossiiskoi praktike ucheta i otchetnosti [Application of IAS 41 Agriculture in the Russian accounting and financial reporting practice]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2010, no. 16, pp. 2–7.
The national report ‘On Progress and results of implementing in 2012 the National program for developing the agricultural sector and regulating the markets of agricultural products, raw materials and food for 2008–2012’. Moscow, Ministry of Agriculture of the Russian Federation Publ., 2013, 13 p.
Order of the RF Ministry of Finance ‘On Adoption of International Financial Reporting Standards and Interpretations of International Financial Reporting Standards in the Russian Federation’ of November 25, 2011 ¹ 160í. (as amended by Order of the Ministry of Finance of the Russian Federation of July 18, 2012 ¹ 106í) (In Russ.)
Order of the RF Ministry of Finance ‘On Formats of financial reporting of entities’ of July 02, 2010 ¹ 66í. (as amended by the Order of December 04, 2012) (In Russ.)
Order of the RF Ministry of Agriculture ‘On Approval of methodological recommendations on accounting of state subsidies and other types of state aid in agricultural organizations’ of February 02, 2004 ¹ 75. (In Russ.)
Order of the Ministry of Finance of the Russian Federation ‘On Adoption of the accounting regulation ‘Accounting of State Aid’ PBU 13/2000’ of October 16, 2000 ¹ 92í. (as amended by Order of September 18, 2006 ¹ 115í) (In Russ.)
Order of the Ministry of Finance of the Russian Federation ‘On Adoption of the Chart of accounts for accounting financial and business operations of entities and instructions for its application’ of October 31, 2000 ¹ 94í. (as amended by Order of November 08, 2010 ¹ 142í) (In Russ.)
