International financial reporting standards. comparative characteristics of IFRS IAS 8 and PBU 1/2008

UDC 657.6

Authors

Razuvaeva O. A.,
1st year graduate student of the Institute of Legislation and Comparative Law under the Government of the Russian Federation, Moscow, Russia
Zueva A. S.,
candidate of Economic Sciences, Associate Professor of the Department of Legal Support of Public Finance at the Institute of Legislation and Comparative Law under the Government of the Russian Federation, Moscow, Russia

Abstract

One of the most important ways to improve the efficiency of the economic security system is the unification of accounting and financial accounting and business principles to international standards. This is mainly due to the trends of rapid growth of international capital movement, as well as significant volumes of world trade, which determined the fundamental role of international principles in building most forms of modern economic relations. Overcoming the objective limitations of the functioning of the economic mechanism is the main goal of the world economy, which should be sought when planning accounting policy and conducting accounting on its basis.

Keywords

economic security, accounting policy, financial and economic activity, international financial reporting standards, Russian accounting standards.