Approximation of the methodology of preparation of the cash flow report according to Russian accounting standards and international financial standards

The statement of cash flows in international and Russian accounting standards is devoted to separate standards: IAS 7 and RAS 23/2011. To reduce the number of transformational adjustments in the preparation of financial statements, it is necessary to bring together the methodology for preparing the Cash Flow Statement. The authors study the methodology for preparing the Cash Flow Statement according to Russian and international financial reporting standards, consider three steps that can significantly simplify the transformational adjustments in preparing the IFRS cash flow statement. The conclusion reached by the authors is the following: it is obvious that it is impossible to achieve complete identity of the indicators of the Cash Flow Statement generated for the purposes of RAS and IFRS: there are unrecoverable discrepancies both in terminology and in the qualification of individual business transactions. But part of the work can be simplified.