Features of the organization of accounting in Russia and Finland

UDC 657.1

Authors

Bychkova S.M., Potapova N.V.

Abstract

The article discusses the similarities and differences in the organization of the accounting system in Russia and Finland. The main regulatory and legislative documents in the field of accounting in Russia and Finland are analyzed, a comparison is made of the accounting systems of these countries according to the following criteria: regulatory regulation, the content and objectives of accounting, the reporting period, the composition of the accounting (financial) statements, the application of simplified accounting, audit accounting (financial) statements, the application of IFRS.

Keywords

Russia, Finland, accounting, financial statements, financial statements, chart of accounts, simplified accounting.