Convergence of Russian accounting standards and IFRS: Achievements and Challenges
Globalization processes in the world economy affect accounting systems of all countries, determining their convergence and consolidation. In Russia, these processes are regulated by the government, particularly through the adoption of the accounting and reporting development plan in the Russian Federation on the IFRS basis and by means of the program for the IFRS introduction and clarification in Russia. A lot of work in this direction has been done. However, there are many problems, being solved by leading experts and responsible structures. This article is devoted to the issues of harmonization of domestic and international standards, which regulate the income and expenses accounting of a company.