Keyword: «ifrs»

The article deals with information that is disclosed in management statements by organization involved in export activities and using IFRS

The article deals with the formation of the report on financial results in accordance with the Russian law and with IFRS. A comparison of the report articles is presented, the differences and similarities of the report, which is formed in accordance with domestic and international standards are examined.

The article deals with the issue of transition of Russian companies to international financial reporting standards, which is very important and widly-discussed. IFRS is considered to be one of the main tools to ensure the transparency of information on company’s financial state for a wide range of market participants, including foreign ones.

The article deals with contemporary issues of accounting regulation in the Russian Federation. The author consideres the main problems of international financial reporting standards implementation in Russian accounting system. IFRS standard (IAS) 17, "Leases" is studied, the pros and cons of its use are analyzed.

Each year, the Council on International Financial Reporting Standards (hereinafter – IFRS) takes on work to improve and update international financial reporting standards, taking into account the current economic situation and the requests of interested parties. New standards as well as amendments to existing documents are introduced for public discussion. The relevance of examination of changes in international financial reporting standards is associated with the adaptation of Russian companies joining the international market. The aim of this work is to examine the amendments that came into effect in January 2020. Based on the results of the study, the authors present a detailed analysis of the amendments introduced by the IFRS Council, affecting the financial instruments (IFRS 9, IAS 39, IFRS 7), accounting for employee benefits programs (IFRS 19), the procedure for providing additional information in reporting (the definition of significance has been adjusted).