THE COMPARATIVE CHARACTERISTIC OF ACCOUNTING FOR LOAN COSTS ACCORDING TO THE AS 15/2008 AND THE IAS 23
Based on the results of comparison of IAS 23 "Borrowing costs” and AS 15/2008 "Accounting for borrowing costs and loans" we can conclude that the convergence of Russian accounting and international financial reporting standards led to the fact that the accounting of borrowing costs are largely similar but there are significant differences as well. The main aspects that affect the differences in accounting for borrowing costs in IAS 23, first of all, are capitalized and included in the cost of the qualifying asset, in the way when AS 15/2008 provides for the inclusion in the cost of the investment asset exclusively interest on loans Secondly, IAS 23, is that unlike the AS 15/2008, provides for testing for impairment of a qualifying asset. The third one is that unlike the AS 15/2008, the IAS 23 establishes the reasons why general-purpose loans are included in the cost of a qualifying asset while indicating the formula for calculating such costs. The solution of this problem is further harmonization of IFRS and RAS, because this process will create a standardized accounting system that will facilitate the solution of practical problems of organizations and reduce their costs for organizing the accounting process. At the same time, one should not forget about the national peculiarities of the Russian accounting system, so IFRS can only serve as a basis for further improving the standards of domestic accounting standards for borrowing costs, which will avoid errors in accounting and reduce the cost of transformation of reporting.