Topical issues of convergence of the methodological content of domestic regulatory legal acts and IFRS provisions on fixed assets
The subject of this article is International Standards and Russian FSBU. Today, the transition to IFRS is one of the main tasks in the Russian economy. Accounting based on international standards will greatly facilitate the work of Russian specialists. Therefore, in order to expand the business, globalize it and simplify the work of accountants, it is necessary to introduce IFRS, as well as develop and apply domestic standards, taking into account international experience. In order to bring international and domestic accounting and reporting standards for fixed assets closer together, FSBU 6/2020 «Fixed Assets» has been developed and approved. With the adoption of the new FSBU standard 6/2020 «Fixed Assets», key points are changing: determining the useful life, reporting, methods of calculating depreciation, conditions for recognizing fixed assets. FSBU 6/2020 «Fixed Assets» reveals topical issues of convergence of the methodological content of domestic regulatory legal acts and IFRS provisions for fixed assets. Russian practice follows the path of convergence with international standards, but despite this, there are still a large number of methodological problems associated with the use of the experience gained in international economic relations in practice in the accounting and analytical activities of organizations.