REFORMING OF ACCOUNTANCY IN ACCORDANCE WITH THE IFRS PRINCIPLES

Abstract

Russian accounting standards now have considerably promoted in rapprochement with the international financial reporting standards, but it should be noted that transformation and adaptation to the Russian realities has not come to the end. More than a decade is necessary to introduce and adapt standards IFRS in Russia most effectively. This question is the most important for consideration as competently using this standards, the enterprise will raise not only the profitableness level and lower the level of expenses, but will also increase the reporting transparency. It, in turn, promotes the maximum analysis from the Central Bank of the Russian Federation. The author of the article considers and analyzes the process of evolution and metamorphosis of the standards of the present Russian accountancy in accordance with the principles of International financial reporting standards. The expediency of carrying out of the action is substantiated. The central directions of reformation, and also the top-priority purposes and problems are singled out. The process of introduction of IFRS standards (IAS) in the Russian system of accountancy is described. Possible problems and difficulties which can occur at transformation are enumerated.