FORMATION OF ACCOUNTING POLICIES FOR THE PURPOSE OF IFRS
The article discusses the need to form accounting policies for IFRS. Accounting policy under IFRS and its formation are based on the principles stipulated by international standards. Since some of the provisions of the RAS have unrecoverable differences with IFRS, companies that have decided to switch to international financial reporting standards should, first of all, bring the accounting methods according to IFRS and RAS to the maximum.