Regulatory issues of the accounting reporting in the transition to IFRS

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Abstract


The entry into force of the Federal law «On accounting» №402-FZ does not solve all problems of the regulation of accounting and reporting in the context of transition to International financial reporting standards. The purpose of this article is to identify and classify accounting regulation issues, affecting the quality of the accounting (financial) statements. Problems identified on the basis of an institutional analysis of the system of accounting regulation. Within the framework of reforming accounting in accordance with International financial reporting standards author proposed to include in the system regulation of accounting such element as the monitoring of legal acts; to develop a Federal standards that establish the rules for accounting of accounts receivable and payable; change the methodology for the accounting of indirect taxes.

N V Malinovskaya

Peoples’ Friendship University of Russia

Email: nvmali@mail.ru

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