Financial Instruments accounting: innovations, problems, solutions

Abstract

Recently, the importance of such objects as financial instruments has increased in the activities of Russian organizations of various forms of ownership and various industries (including healthcare). This necessitates a realistic accounting of these objects. In turn, for the implementation of realistic accounting, carefully developed rules are required, which are laid down in regulatory documents on accounting. In the system of international financial reporting standards (IFRS) there are a number of standards containing regulations for the accounting of financial instruments. Despite the fact that the Russian system of accounting standards (RAS) has long been in the process of being reformed based on international standards, the area of accounting for financial instruments is still not sufficiently regulated. At the same time, the program for the development of Russian federal accounting standards (FSBU) involves a number of changes in existing regulatory accounting documents, as well as the creation of new accounting standards. In this regard, it is of interest to analyze the FSBU Project “Financial Instruments” presented for discussion, developed by the Accounting Development Fund “National Non-State Accounting Regulator “Accounting Methodological Center” (Foundation “NRBU “BMC”). The study of the regulations of this FSBU “Financial Instruments” Project is carried out in this article. The research methods were comparison, analysis, synthesis, grouping method, systemic and logical approaches. As a result of the study, the article substantiates the positive aspects of the FSBU “Financial Instruments” Project, identifies some of its shortcomings, substantiates the value of this regulatory document for realizing the goal of reliable accounting of financial instruments.