Comparative characteristics of methodical approaches to accounting for property and liabilities in Russian and international practice

• Vasilenko M.E.

  Vladivostok State University of Economics and Service
  Vladivostok. Russia

• Lecturer, Department of Economics
  Vladivostok State University of Economics and Service
  Vladivostok. Russia

• Малышева Виктория Владимировна

  Lecturer, Department of Economics
  Vladivostok State University of Economics and Service
  Vladivostok. Russia

Relevance. In today’s environment, every management decision is made on the basis of a comprehensive analysis of financial information, which is contained in various forms of financial reporting. In conducting an analysis of financial statements, a potential investor pays special attention to the method of valuation of assets and liabilities, which should reflect the true financial status and results of financial and business activities of the company. The scientific problem of research - in the context of the transformation of Russian accounting to the requirements of IFRS, there is a need to determine rational methods for valuing assets and liabilities based on the formation of fair value.

Goal The purpose of scientific research is to identify problems associated with the application of existing types of assessments according to international standards in the Russian accounting system.

Object and subject of research. The object of the study is methodological approaches to assessing the value of property and capital in Russian and international practice. The subject of the research is the types of cost of assets and liabilities of RAS and IFRS.

The article clarifies the content of the evaluation of the “historical”, “residual”, “restorative” value as economic categories. The increment of scientific knowledge is the identification of advantages and disadvantages for each of the above types of assessments. A comparative review of the elements of valuation of objects at fair value under RAS and IFRS is of particular value for the development of theoretical aspects of accounting.

The discussion point in the problem under investigation is the absence of generally accepted interpretations of values and the many approaches to determining the value of property and capital.

Keywords: assets, liabilities, valuation, value , reporting, IFRS, IAS.