Accounting of fixed assets in accordance with ifrs and russian accounting standards
The article deals with the division of accounting and reporting standards into national and international. The classification of forms of use of international financial reporting standards (IFRS) by different countries is given. The advantages of using IFRS, the stages of their implementation in Russia are considered. The procedure for assessing fixed assets at the original cost of acquisition of such groups of fixed assets as land, buildings and equipment is disclosed. The main differences in the field of accounting of fixed assets in accordance with IFRS and RAS on a number of grounds are reflected: accounting; classification of fixed assets; accounting of biological assets; recording of fixed assets; assessment of fixed assets at registration; additional costs; base of depreciation, revision of estimates, methods of calculation, the moment of the beginning and end of depreciation, suspension of depreciation, distribution of depreciation charges. The article reveals the problems that Russian organizations may face when using IFRS in their activities.