Abstract
Most post-socialist countries harmonize national accounting standards with IFRS. Many countries are also characterized by a simultaneous use of both national and international standards. The same goes for Russia. Deep reform of national standards has entered an active phase: annually, starting from 2018, several new standards harmonized with the international ones have been introduced. At the same time, former standards remain in force. In such conditions, the process of teaching students majoring in accounting must consider these peculiar features. In the article, we analyze the existing teaching methods and conclude that they are generally focused only on the study of the existing national accounting standards. However, working at enterprises requires knowledge and ability to apply both the existing standards and the standards which will be introduced in the coming years. It is also necessary to know international standards as a methodological basis applied when a matter is not regulated by the national standards. The article highlights the experience of South Ural State University. Since 2016, it has been creating a methodology of intensive teaching bachelors of economics majoring in “Accounting, Analysis and Audit”. The methodology is based on the development of a set of professional competencies intoa set of learning outcomes as more appropriate for the tasks of such teaching. It is characterized byan emphasis on the students’ research and analytical work. Its implementation results in the appearance of a specialist who is quickly adapted to work in large companies. The methodology is applicable in all university departments teaching accounting to bachelors.
Highlights
Accounting reform in RussiaRussia belongs to a group of countries making a gradual transition to IFRS while maintaining national accounting standards harmonized with international norms
There are countries whose national accounting standards are close to IFRS (e.g., Russia
Our analysis has shown that about 60–70% of them actively participate in the department’s research work involving the development of new accounting standards in Russia and the application of IFRS principles
Summary
Russia belongs to a group of countries making a gradual transition to IFRS while maintaining national accounting standards harmonized with international norms. Only 36 of these countries require IFRS for all companies. IFRS standards are directly used in Kazakhstan. In such conditions, fewer difficulties seem to arise. Most countries have adopted combinations of IFRS and national standards. Listed companies in the Baltic states and the Czech Republic must apply IFRS standards. Several countries allow the use of IFRS instead of national standards. There are countries whose national accounting standards are close to IFRS (e.g., Russia). In most post-socialist countries, accounting standards are based simultaneously on two accounting systems
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