Karina Mirzoyan

City: Armavir

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1 Publications in the journal

Articles

The role and importance of international financial reporting standards in the standardization and harmonization of the accounting system

ART 56929

Authors:

Nadejda Kasparyanc,

Karina Mirzoyan

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.

Keywords: international financial reporting standards; standardization and harmonization of the accounting system; russian accounting pronouncements; international accounting standards committee; consolidation of financial statements