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Abstract

This chapter examines factors that affect the accounting system in Russia as it moves toward the adoption and implementation of International Financial Reporting Standards (IFRS). Current rules are examined and selected Russian Accounting Standards (RAS) are compared to IFRS, followed by a discussion of how closely Russian accountants actually follow the rules and the factors that affect accounting practice. The reliability of Russian financial statements is also discussed, followed by a discussion of Russia’s options for the future, which groups support the various options, and the likely outcomes. Conclusions are presented in the final section.

Keywords

Balance Sheet International Financial Reporting Standard Accounting Profession Russian Company Accounting Rule 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Springer Science+Business Media, Inc. 2006

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