Сurrent approaches to accounting regulation in Russia
Keywords:
accounting, accounting (financial) reporting, regulatory regulation, international financial reporting standards, legislative level, Federal accounting standards, industry accounting standards, recommendations in the field of accounting, standards of an economic entity, state accounting regulation bodies, non-state accounting regulation bodies
Abstract
Purpose: to systematize the requirements regulated by the current legislation to the regulatory regulation of accounting in the Russian Federation. Discussion: accounting in the Russian Federation is strictly regulated by law. Reflection of any fact of economic life in accounting and presentation of information about it in accounting (financial) statements is regulated by a specific regulatory document, and not always one. To make a specific decision, it is necessary to have a clear understanding of the current hierarchy of documents of the accounting regulatory system. Results: the article presents the current hierarchical system of regulatory accounting in the Russian Federation, including a brief description of each of its levels.
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Published
2020-02-20
How to Cite
Лаврухина, Т. А. (2020). Сurrent approaches to accounting regulation in Russia. Modern Economics: Problems and Solutions, 1, 134-146. https://doi.org/10.17308/meps.2020.1/1439
Issue
Section
Accounting
