Abstract
The Russian Finance Ministry has declared that all banks and large Russian enterprises must prepare their financial statements based on international financial reporting standards (IFRS) as of January 1, 2004, a full year ahead of the European Union deadline for EU member countries. The problem is that the majority of Russian accountants know little or nothing about IFRS and there are few educational resources they can utilize to get up to speed on the subject. Russian universities cannot provide much assistance because many of their professors are not trained in IFRS either. The private sector has risen to the challenge and is providing some of the much needed training but the quantity of educational resources the private sector is able to provide is insufficient to fully educate the Russian accounting profession in time for the deadline, and the quality of some of the education providers leaves much to be desired. This paper reports on the private sector's initiative to provide quality accounting education. Some of the information in this paper was gathered from interviews conducted in Moscow, St. Petersburg and a few other Russian cities during the summer and fall of 2003.
Sign-in/Register to access full text options 
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.
