New program for the FAS development and the main changes in the rules of Russian accounting for non-state sector organizations

Abstract

The Ministry of Finance of the Russian Federation approved a new program for the development of Federal Accounting Standards (FAS) for organizations in the non-state sector (including healthcare organizations in this sector) for 2022–2026. This program involves making adjustments to certain already existing standards, as well as the creation and approval of a number of FAS that make significant changes to the Russian accounting of the above organizations. The drafts of some of these FAS have already been prepared, and one of the federal standards planned by this program has already been practically adopted. The main changes in the rules of Russian accounting that are awaiting organizations in the non-state sector (including healthcare organizations in this sector) in connection with the release of the above program and the FAS stipulated by it, are analyzed in this article. The following methods were used in the course of the research: analysis and synthesis, comparison, grouping method, analogy method, systematic approach, logical approach. As a result of the research, the main stages of updating the FAS system and the relevant domestic accounting rules of the above organizations were identified, as well as the most important changes in these rules were identified and systematized. The results of the analysis of future changes in Russian accounting rules presented in this article will help modern organizations in the non-state sector (including healthcare organizations in this sector) prepare in advance for such changes and make it much easier to go through the process of transition to new federal standards.