Formation of financial reporting of Russian organizations in conditions of convergence with International Financial Reporting Standards

This article explains the development of the methodology and presents the features of the process of preparing financial statements of Russian organizations in conditions of convergence with International Financial Reporting Standards. The development of the methodology for preparing financial statements in Russia occurs in the context of convergence with International Financial Reporting Standards. This process requires not only compliance with international requirements, but also adaptation to the peculiarities of domestic practice. It is important to understand that the transition to International Financial Reporting Standards does not mean simply copying their provisions, but requires analysis and transformation of existing methods and principles.