ON NEED TO IMPROVE REGULATORY FRAMEWORK OF FINANCIAL ACCOUNTING OF SECURITIES IN TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS
The article indicates the differences in the normative acts regulating Russian and international practice of organizing financial accounting and financial reporting under conditions of financial accounting transition to the international financial reporting standards. Regulatory control is proved to be supplemented with the accounting of transactions related to securities, the concepts and methods that reflect financial instruments including the following structural elements: financial assets, financial liabilities and equity instruments.