Revenues in international accounting practice

UDC 336.671.1

Authors

Spanner K.I.

Abstract

The article discusses the differences in revenue accounting in Russian practice and according to international financial reporting standards. Consideration of the financial method of the results of societies in national and international practice has significant differences. Attention is drawn to cases where the differences are purely technical (formal) in nature and are not an exception to the significant features of recognition of the organization's revenue and expenses. Russian accounting does not take into account the analysis of significant risks associated with ownership of goods, products, works and services.

Keywords

accounting, financial result, foreign experience, organization, economy, income