Accounting of fixed assets: convergence of Russian and international standards

In the article, the author identified the similarities and differences between PBU 6/01 "Accounting for Fixed Assets", FSBU 6/2020 "Fixed Assets" and IFRS (IAS) 16 "Fixed Assets" based on several comparison criteria. It is concluded that with the introduction of the new federal standard for accounting for fixed assets, there has been a significant convergence of the Russian standard with IFRS.