IFRS and RAS: analysis of differences and methodological inconsistencies

Abstract

The article discusses the goals of applying international and Russian standards at the current stage of development of accounting and reporting. The features of the formation of accounting (financial) statements according to the rules of IFRS and RAS are highlighted, the fundamental differences that lie in the concept of accounting documentation are indicated. The features of the financial statements of Russian enterprises that make it up according to the rules of IFRS are given. The problems of applying IFRS by Russian users of financial statements are outlined. Prospects for the development of IFRS in Russian accounting are considered. The conclusions of the conducted research are substantiated within the framework of the development of the methodology of methodological differences in the formation of accounting (financial) statements according to the rules of IFRS and RAS. In order to enter foreign markets and attract foreign investors, the company's financial statements must comply with International Financial Reporting Standards. This is a prerequisite for the implementation of foreign economic activity. Despite certain differences between IFRS and RAS, today it is safe to say that at the moment the country is working to adapt the accounting system in accordance with international standards.Significant differences in the target orientation of reporting under IFRS and RAS; the presence of a large number of methodological differences in accounting lead to the complication of accounting functions. Taken together, these circumstances determine the relevance of this study. The analysis of the regulatory framework of Russia showed that at the first stages some provisions of international standards were used to develop domestic accounting regulations. Today, the practice of using them has expanded. There are structures in the country that are responsible for the application of IFRS. Their functions are normatively fixed, a list of enterprises that are required to prepare reports in accordance with international standards is outlined at the legislative level. Nevertheless, there are a significant number of methodological differences in accounting, which will be discussed in this article.