Balance sheet: development of the methodology for its formation in the system of Russian accounting standards

Abstract

This article is devoted to the study of methodological approaches to the formation of the balance sheet — the most important reporting form that characterizes the financial position of organizations. The program for the development of federal accounting standards includes the adoption of a standard dedicated to financial statements, which, among other things, will contain requirements for the formation of a balance sheet. At present, the draft FSBU 4/2023 “Accounting (financial) reporting” has been developed and published for discussion. The article examines the methodological approaches to the preparation of the balance sheet proposed in this project. The regulations proposed in the draft FSBU 4/2023 are compared with the methodological approaches to the formation of the balance sheet in the current PBU 4/99 “Accounting statements of an organization” and the order of the Ministry of Finance of Russia No. 66n dated July 2, 2010 “On the forms of financial statements of organizations”. Both expedient and debatable aspects of methodological approaches to the formation of the balance sheet in the draft FSBU 4/2023 “Accounting (financial) reporting” are identified. Substantiated proposals for solving debatable methodological aspects.