Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards
The purpose of this article is to study the problems of convergence of investment property accounting in Russian and international financial reporting standards. The relevance of the question is due to the increasing role of such objects in the activities of Russian organizations. The research metho...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | Russian |
| Published: |
Government of Russian Federation, Financial University
2018-08-01
|
| Series: | Учёт. Анализ. Аудит |
| Subjects: | |
| Online Access: | https://accounting.fa.ru/jour/article/view/8 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849698544906141696 |
|---|---|
| author | T. U. Druzhilovskaya E. S. Druzhilovskaya |
| author_facet | T. U. Druzhilovskaya E. S. Druzhilovskaya |
| author_sort | T. U. Druzhilovskaya |
| collection | DOAJ |
| description | The purpose of this article is to study the problems of convergence of investment property accounting in Russian and international financial reporting standards. The relevance of the question is due to the increasing role of such objects in the activities of Russian organizations. The research methodology includes the critical analysis of regulating modern investment property accounting in Russian and international financial reporting standards. This article uses such methods as analysis and synthesis, comparison, method of analogies, method of groupings, systems approach and logical approach. The study reveals discrepancies in the conceptual apparatus connected to investment property accounting; in various Russian regulatory documents; in interpretation of the notion of investment property in Russian GAAP and IFRS along with the differences in the investment property valuation methodology in Russian and international fi reporting standards.This article investigated the regulation of all Russian and International financial reporting standards subsystems. Russian accounting standards subsystems are the regulatory documents of organizations belonging to public and private sectors. The latter includes the normative documents of financial and nonfinancial organizations. When analyzing the regulatory documents on accounting in financial organizations the documents of credit and non-credit institutions were considered separately. As international standards subsystems were considered International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards for private sector. The authors give the critical analysis of the validity of the investment property accounting regulations in Russian and international financial reporting standards. The authors substantiate the prospects of the further convergence of the investment property accounting rules in Russian and international financial reporting standards. |
| format | Article |
| id | doaj-art-77dd9ab023ab4cf4a52d96ffd59e0794 |
| institution | DOAJ |
| issn | 2408-9303 2619-130X |
| language | Russian |
| publishDate | 2018-08-01 |
| publisher | Government of Russian Federation, Financial University |
| record_format | Article |
| series | Учёт. Анализ. Аудит |
| spelling | doaj-art-77dd9ab023ab4cf4a52d96ffd59e07942025-08-20T03:18:53ZrusGovernment of Russian Federation, Financial UniversityУчёт. Анализ. Аудит2408-93032619-130X2018-08-0153627110.26794/2408-9303-2018-5-3-62-718Problems of Harmonizing Investment Property Accounting Аccording to Russian and International StandardsT. U. Druzhilovskaya0E. S. Druzhilovskaya1Lobachevsky State University of Nizhni NovgorodLobachevsky State University of Nizhni NovgorodThe purpose of this article is to study the problems of convergence of investment property accounting in Russian and international financial reporting standards. The relevance of the question is due to the increasing role of such objects in the activities of Russian organizations. The research methodology includes the critical analysis of regulating modern investment property accounting in Russian and international financial reporting standards. This article uses such methods as analysis and synthesis, comparison, method of analogies, method of groupings, systems approach and logical approach. The study reveals discrepancies in the conceptual apparatus connected to investment property accounting; in various Russian regulatory documents; in interpretation of the notion of investment property in Russian GAAP and IFRS along with the differences in the investment property valuation methodology in Russian and international fi reporting standards.This article investigated the regulation of all Russian and International financial reporting standards subsystems. Russian accounting standards subsystems are the regulatory documents of organizations belonging to public and private sectors. The latter includes the normative documents of financial and nonfinancial organizations. When analyzing the regulatory documents on accounting in financial organizations the documents of credit and non-credit institutions were considered separately. As international standards subsystems were considered International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards for private sector. The authors give the critical analysis of the validity of the investment property accounting regulations in Russian and international financial reporting standards. The authors substantiate the prospects of the further convergence of the investment property accounting rules in Russian and international financial reporting standards.https://accounting.fa.ru/jour/article/view/8investment propertyrussian and international standardsinitial valuationsubsequent valuationnon-public sectorpublic sectornon-financial institutionsnon-credit financial institutionscredit institutions |
| spellingShingle | T. U. Druzhilovskaya E. S. Druzhilovskaya Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards Учёт. Анализ. Аудит investment property russian and international standards initial valuation subsequent valuation non-public sector public sector non-financial institutions non-credit financial institutions credit institutions |
| title | Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards |
| title_full | Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards |
| title_fullStr | Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards |
| title_full_unstemmed | Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards |
| title_short | Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards |
| title_sort | problems of harmonizing investment property accounting аccording to russian and international standards |
| topic | investment property russian and international standards initial valuation subsequent valuation non-public sector public sector non-financial institutions non-credit financial institutions credit institutions |
| url | https://accounting.fa.ru/jour/article/view/8 |
| work_keys_str_mv | AT tudruzhilovskaya problemsofharmonizinginvestmentpropertyaccountingaccordingtorussianandinternationalstandards AT esdruzhilovskaya problemsofharmonizinginvestmentpropertyaccountingaccordingtorussianandinternationalstandards |