Features of IFRS application in Russia
The processes of global integration in the economy in recent years have significantly changed the vector of development of financial reporting, which has increased the requirements for regulatory acts that govern accounting in the Russian Federation, as differences in the regulatory framework between Russian companies and organizations of other countries lead to incomparability information in financial statements. In the article, the author considers the features of the implementation of IFRS in Russia, compares the approaches to accounting for impaired financial investments in RAS and impaired financial assets in IFRS, especially the accounting for inventories, provides conclusions on the importance of standardizing financial statements according to international standards in Russia.