HARMONIZING APPROACHES TO PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS
The value of accounting (financial) statements is determined by its use in making managerial and economic decisions, the assessment of the prospects of the organization's activities will depend on the reliability of its indicators. As world experience shows, the characteristics indicating the usefulness of information are achieved directly by using international financial reporting standards. The article assesses the adaptation of domestic reporting to international utility requirements and examines current trends in convergence (harmonization) of approaches to accounting reporting.