Trends in the development of accounting in Russia

He current phase of economic interactions asks the union of accountants and financiers unfamiliar questions, creates the need to change the existing order of relations between participants in economic processes, which in a broad sense also applies to the modern accounting industry. The emergence of previously unknown difficulties that arise in the current situation for enterprises obliges them to implement appropriate reforms in the accounting industry, facilitating the transition to the system of International Financial Reporting Standards (IFRS) adopted in all countries.