Nadejda Kasparyanc

The article deals with international financial reporting standards as an essential element in the standardization and harmonization of the accounting system. Particular attention is paid to the application of IFRS in the Russian Federation. In the study of this problem, a comparison of IFRS and RAP was conducted. As a result, it was concluded that at the current stage it is necessary better to the Russian system of accounting to IFRS accounting, which would allow to avoid crises in the market and to ensure financial transparency.

The article considers the necessity of introduction in Russian companies, international financial reporting standards in order to create accurate financial statements in order to attract investment. Under IFRS, assets and liabilities carried at fair value. Investors are not interested in "paper" assets, they are interested in the fair market value at the moment. Implementation and use of IFRS enables to prepare financial statements that meets the requirements of investors and to bring equity and debt for companies from a wide range of investors.

The article describes the history of the social security system in Russia, the main directions of formation of legal base of social security in the past and at the present stage and prospects of development of the sys-tem are presented.

The article is devoted to the socio-economic development of Russia and its regions, problems, obstacles to positive social development in many regions. Particular attention is touched upon to economic inequality in the development of the Russian Federation.

The author deals with the theory of pension system and problems of pension system in practice; describes the working Russian legislation and the structure of the pension provision.