Abstract
The article discusses the adoption of new federal accounting Standards (FSB), the methodological basis of most of which is determined by the provisions of the relevant International Financial Reporting Standards (IFRS). However, while the latter are taken for granted, in practice they themselves are developed and adopted as standards not immediately, but after lengthy and ambiguous discussions and approvals. Not all methodological innovations in IFRS are unambiguous and unanimously recognized in the professional community. An example is the recently adopted new federal accounting standard FSB 25/2018 “Lease Accounting”. It is based on a similar international standard IFRS 17 “Lease”. The article discusses some controversial issues related to the history of the adoption of the latter and the transition to a new model of lease accounting.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
