Comparison of Russian and international regulators of the financial statements

Trends of unification of the Russian accounting with the international standards is very important for a growing number of national companies who intend to operate on international markets and seeking to attract foreign investment. This fact determines the relevance of the topic, and the need for a common understanding and reporting of financial information. The paper discusses the theoretical aspects and principles of accounting in Russia and the IFRS principles, refers to the set of documents included in this reporting standards, and accounting periods and interim reporting periods, assumptions and characteristics of the information disclosed in reports.