Subject. This article discusses the regulations regarding the assessment of financial instruments of public sector organizations in the systems of Russian and international standards. Objectives. The article aims to investigate the degree of convergence of regulations regarding the assessment of financial instruments in the Russian standards for public sector organizations with the rules of international standards. Methods. For the study, I used the methods of critical analysis, synthesis, comparison, observation, and the analogy method. Results. Based on a comparison of the regulations regarding the initial and subsequent assessment of various types of financial assets and financial liabilities in the Russian FSBU Standard Financial Instruments and IPSAS 29 Financial Instruments: Recognition and Measurement, the article identifies situations where the assessments of financial instruments of public sector organizations, conducted according to Russian and international standards, coincide or have differences. Conclusions and Relevance. It is advisable to further converge approaches to the assessment of financial instruments in Russian standards for public sector organizations and the IPSAS regulations. The results obtained have both applied and theoretical applications in the field of financial accounting.
Sigidov Yu.I., Korovina M.A., Mikhno E.V. [History of evaluation in Russian accounting]. Politematicheskii setevoi elektronnyi nauchnyi zhurnal Kubanskogo gosudarstvennogo agrarnogo universiteta, 2015, no. 113, pp. 1258–1271. (In Russ.) URL: Link
Druzhilovskaya T.Yu., Druzhilovskaya E.S. [The history of evaluation in accounting as a reflection of the causal relationships between its evolution and the stages of the world economy development]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2020, vol. 23, iss. 12, pp. 1383–1403. (In Russ.) URL: Link
Druzhilovskaya E.S. [Conceptual foundations of valuation as an element of the accounting method]. Vestnik Nizhegorodskogo universiteta im. N.I. Lobachevskogo = Vestnik of Lobachevsky University of Nizhny Novgorod, 2011, no. 2-1, pp. 272–278. URL: Link (In Russ.)
Get'man V.G., Grishkina S.N., Rozhnova O.V. et al. Kontseptual'nye i metodicheskie podkhody k otsenke uchetnykh ob"ektov po spravedlivoi stoimosti: monografiya [Conceptual and methodological approaches to valuation of accounting objects at fair value: a monograph]. Moscow, Ugreshskaya tipografiya Publ., 2013, 150 p.
Rozhnova O.V. [The development of the concept of fair value]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2016, no. 6, pp. 20–27. URL: Link (In Russ.)
Plotnikov V.S., Plotnikova O.V., Shevchuk A.I. [Evolution of the concept of fair value assessment]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2015, no. 20, pp. 38–41. URL: Link (In Russ.)
Pyatov M.L. [Assessment of fair value: evolution and modernity]. Bukhgalterskii uchet = Accounting, 2014, no. 7, pp. 84–92. (In Russ.)
Polenova S.N. [On fair value measurement of accounting objects]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2015, vol. 18, iss. 1, pp. 2–11. URL: Link (In Russ.)
Druzhilovskaya T.Yu. [The use of fair value to measure accounting items: Practical issues]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2018, vol. 21, iss. 9, pp. 1086–1099. (In Russ.) URL: Link
Prishchepa L.V. [Fair value in the system of market valuation of accounting objects]. Uspekhi sovremennoi nauki = Modern Science Success, 2017, vol. 7, no. 4, pp. 78–81. (In Russ.)
Emerson D.J., Karim K.E., Rutledge R.W. Fair Value Accounting: A Historical Review of the Most Controversial Accounting Issue in Decades. Journal of Business & Economics Research, 2010, vol. 8, no. 4, pp. 77–85. URL: Link
Ganieva R.R. [Accounting for asset impairment in accordance with IAS 36]. Obrazovanie i nauka bez granits: sotsial'no-gumanitarnye nauki, 2020, no. 13, pp. 76–81. (In Russ.)
Mazzi F., Liberatore G., Tsalavoutas I. Insights on CFOs' Perceptions about Impairment Testing under IAS 36. Accounting in Europe, 2016, vol. 13, iss. 3, pp. 353–379. URL: Link
Kulikova L.I., Semenikhina N.B. [Preparation of the actuarial balance sheet based on the present value of assets and liabilities of the going concern]. Kazanskii ekonomicheskii vestnik, 2015, no. 1, pp. 12–20. (In Russ.)
Kulikova L.I., Semenichina N.B. Preparation of the Actuarial Balance Sheet Based on the Present Value of Assets and Liabilities of the Going Concern. Life Science Journal, 2014, vol. 11, no. 11, pp. 603–607. URL: Link
Klimkova T.V. [Comparison of inventory estimates under PBU 5/01 and IFRS (IAS) 2]. Global and Regional Research, 2019, vol. 1, no. 4, pp. 76–79. (In Russ.) URL: Link
Alborov R.A., Kontsevaya S.M., Kozmenkova S.V. [Biological and land assets in agriculture: Accounting and evaluation issues]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2019, vol. 22, iss. 8, pp. 859–871. (In Russ.) URL: Link
Alborov R.A., Kontsevaya S.M., Kozmenkova S.V. Biological and Land Assets in Agriculture: Development Issues of Accounting and Measurement. Digest Finance, 2019, vol. 24, iss. 3, pp. 320–328. URL: Link
Kulikova L.I., Samitova A.R., Aletkin P.A. Investment Property Measurement at Fair Value in the Financial Statements. Mediterranean Journal of Social Sciences, 2015, vol. 6, no. 1S3, pp. 401–405. URL: Link
Kulikova L.I., Druzhilovskaya T.U., Druzhilovskaya E.S. Challenges of the Practical Application of International Accounting Standard on Property, Plant and Equipment by Russian Companies. Journal of Engineering and Applied Sciences, 2018, vol. 13, no. 3, pp. 569–574.
Sundgren S., Mäki J., Somoza-López A. Analyst Coverage, Market Liquidity and Disclosure Quality: A Study of Fair-Value Disclosures by European Real Estate Companies under IAS 40 and IFRS 13. The International Journal of Accounting, 2018, vol. 53, iss. 1, pp. 54–75. URL: Link
Maisuradze M., Vardiashvili M. The Issues of Recognition and Measurement of the Investment Property According to IAS 40. Journal of International Scientific Publications: Economy & Business, 2017, vol. 11, no. 1, pp. 416–423. URL: Link
Druzhilovskaya T.Yu. [Problems of applying valuation reserves in the systems of Russian and international standards]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2017, vol. 20, iss. 20, pp. 1164–1182. (In Russ.) URL: Link
Popov A.Yu. [Concepts of definitions, recognition and valuation of investments in accordance with Russian and international financial reporting standards]. Vestnik Omskogo universiteta. Seriya: Ekonomika = Herald of Omsk University. Series: Economics, 2015, no. 4, pp. 60–67. URL: Link (In Russ.)
Kulina E.A., Kurilova A.A. [Accounting and valuation of investments]. Vestnik NGIEI = Bulletin NGIEI, 2015, no. 9, pp. 50–53. (In Russ.) URL: Link
Korzun G.I. [The stages of reforming accounting principles, classification, and valuation of financial instruments]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2012, vol. 15, iss. 18, pp. 10–20. URL: Link (In Russ.)
Druzhilovskaya E.S. [Financial instruments measurement in Russian and international accounting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, vol. 17, iss. 47, pp. 26–41. URL: Link (In Russ.)
Druzhilovskaya T.Yu., Druzhilovskaya E.S., Korshunova T.N., Denisova I.P., Denisov P.V. Accounting Policies for Financial Instruments of Organizations in the Modern Conditions of the Innovative Economy. In: Popkova E., Sergi B. (eds) Scientific and Technical Revolution: Yesterday, Today and Tomorrow. ISC 2019. Lecture Notes in Networks and Systems. Springer, Cham, 2020, vol. 129, pp. 1588–1595. URL: Link
Gebhardt G. Impairments of Greek Government Bonds under IAS 39 and IFRS 9: A Case Study. Accounting in Europe, 2016, vol. 13, iss. 2, pp. 169–196. URL: Link
