Analysis of the draft new iaS 1 regulations on the formation of financial Statements
https://doi.org/10.26794/2408-9303-2022-9-3-85-94
Abstract
The prepared draft of the new international financial reporting standard IFRS (IAS) 1 makes significant adjustments to the regulations for the formation of financial statements. The changes envisaged by this document provide new opportunities for improving the preparation of these reports, but at the same time, the requirements in it lead to several significant problems in this area. The study’s objectives are analysing these opportunities and problems, as well as the development of proposals for their solution. Methodological analysis includes synthesis, grouping and analogy methods, comparison, logical and systematic approaches. Also, it is based on a critical analysis of the draft new IAS 1, both in terms of the terminology used in this document and the approaches provided for in it to compile various reporting forms. The research results can improve both international financial reporting regulations and Russian requirements in this area. As prospects for the study should be called an assessment of further changes made by the IASB to the draft new IAS 1, identifying the problems that arise in this case and finding ways to solve them.
About the Authors
T. Yu. Druzhilovskaya
Lobachevsky State University of Nizhny Novgorod
Russian Federation
Russian Federation
Tatyana Yu. Druzhilovskaya — Dr. Sci (Econ), Professor of the Accounting Department in the Institute of Economics and Entrepreneurship
Nizhny Novgorod
E. S. Druzhilovskaya
Lobachevsky State University of Nizhny Novgorod
Russian Federation
Russian Federation
Emilia S. Druzhilovskaya — C and. Sci. (Econ.), Docent of the Accounting Department in the Institute of Economics and Entrepreneurship
Nizhny Novgorod
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Review
For citations:
Druzhilovskaya T.Yu., Druzhilovskaya E.S. Analysis of the draft new iaS 1 regulations on the formation of financial Statements. Accounting. Analysis. Auditing. 2022;9(3):85-94. (In Russ.) https://doi.org/10.26794/2408-9303-2022-9-3-85-94
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