Approaches to the Organization of International Accounting in Russian Enterprises
Approaches to the Organization of International Accounting in Russian Enterprises
Author(s): Ekaterina V. Surkova, Galina Skachko, Larisa K. Nikandrova, Maria M. Starkova, Nina F. SakharovaSubject(s): Accounting - Business Administration
Published by: UIKTEN - Association for Information Communication Technology Education and Science
Keywords: IFRS; RAS; reporting transformation; consolidated reporting; international accounting; parallel accounting method; translation method
Summary/Abstract: The article discusses current issues of transformation of accounting information in accordance with international financial reporting standards (IFRS). This study is primarily aimed at developing approaches that determine the need for Russian enterprises to provide accounting information comparable at the international level. The authors analyze methods of transferring data from the Russian Accounting Standard (RAS) to IFRS. The methods used to form financial statements in accordance with IFRS are discussed. The issues of the application of these methods, as well as their advantages and disadvantages, are discussed. The author's approach to the selection of the optimal method of transformation is proposed taking into account the individual needs of organizations.
Journal: TEM Journal
- Issue Year: 10/2021
- Issue No: 1
- Page Range: 249-258
- Page Count: 10
- Language: English
