Federal accounting standard 6/2020 "Fixed assets" as a direction of convergence with international financial reporting standards

This article describes the fundamental differences in accounting for fixed assets between the Accounting Regulation 6/01 "Accounting for fixed assets" and the new Federal Accounting Standard 6/2020 "Fixed Assets" developed by the Ministry of Finance, which is mandatory for use from January 1, 2022. The paper focuses on the appearance in the Russian legislation on the accounting of fixed assets of areas that are the integration of national and international standards.