Preparation of statement of profit and loss account according to IFRS in comparison with other countries

This article discusses the features of Russian and foreign approaches that reflect the financial results of an organization’s activities in financial statements, summarize foreign experience in compiling financial reporting data, analyze accounting methods and reflect financial results in reporting, accumulating all the differences in accounting systems countries. In connection with the entry of the Russian Federation into the World Trade Organization, the inclusion in the international market, the problem of convergence of national accounting with international accounting standards and reporting has recently become even more urgent. This is of great importance for the further development of international accounting.