Abstract
This article is devoted to the study of the essence, goals, objectives, functions and basic principles of accounting, as well as identifying the main problems that accounting faces in the process of its development. In our opinion, these difficulties are largely related to the convergence of Russian accounting to international financial reporting standards. In addition, we examined both positive and negative trends in the implementation of IFRS fundamentals in the Russian Federation, and noted those stages that have already been completed. They also revealed the main factors that directly hinder the transition to international financial reporting standards. Thus, in the course of the study, we came to the conclusion that the implementation of IFRS in our country was correct.
Published Version
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