INTERNATIONAL FINANCIAL STANDARDS: PROBLEMS AND PROSPECTS FOR IMPLEMENTATION IN RUSSIA
The article discusses the issues of the need and feasibility of applying international financial reporting standards by Russian economic entities and their impact on the development of national accounting. The main problems of introducing international standards in Russia and the reasons for their occurrence are analyzed. Comparison of IFRS and RAS was carried out, prospects for the implementation of IFRS in Russia were determined. The plan for the transition of Russian companies to international financial reporting standards is controversially assessed by financial leaders and experts. Some believe that such a step will benefit the Russian economy, while others see this as only an increase in the volume of work and material costs. The process of implementing IFRS in Russia is not yet complete, and much remains to be done, but the experience of Russian enterprises already operating in accordance with IFRS, as well as the European approach to the implementation of IFRS, allows us to fairly objectively assess the problems and prospects of this process.