Keyword: «russian accounting standards»

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.