Comparison of approaches to the formation of the statement of financial results and the statement of comprehensive income under Russian and international standards

Statements prepared according to RAS and statements prepared according to IFRS have significant differences. This article analyzes the most relevant features of approaches to the preparation of the Statement of financial results in Russian and international practice. Also considers the key points concerning the formation of indicators of this form of the report, reflecting the main information about profits, losses, revenues and expenses of the company.