Accounting of financial instruments: development of Russian and international rules
The article is devoted to the issues of improving the regulatory framework for reflecting financial assets and liabilities in financial statements. Analyzed trends in the development of requirements for accounting for financial assets and liabilities in Russia. A comparative characteristic of accounting rules for financial instruments of international and Russian standards is given. The practice of recording financial assets and liabilities in the statements of Vnesheconombank corporation has been reviewed. The influence of the application of the new standard for financial instruments (IFRS 9) on the financial performance of Vnesheconombank was revealed.