In the activities of organizations, including healthcare organizations, such objects as financial instruments have recently become increasingly important. This increases the importance of information about such objects presented in the accounting (financial) statements of organizations. Due to the fact that in the accounting (financial) statements the objects of accounting are reflected in the monetary meter, the assessment chosen for them has the most significant influence on the formation of reporting information about the objects. The initial and subsequent valuation of financial instruments (as well as other accounting items) is regulated in accounting standards. At the same time, these standards may allow for various assessment options, the choice of which is provided to the accountant. In addition, various national and international standards may regulate a different approach to the valuation of objects, including for financial instruments. This article explores approaches to the valuation of financial instruments in the systems of Russian and international standards. The research methods were comparison, analysis, synthesis, grouping method, systemic and logical approaches. In the course of the study, a comparison was made of the rules for the formation of the initial and subsequent valuation of financial instruments in PBU 19/02 “Accounting for financial investments” and in IFRS 9 “Financial Instruments”. As a result of the research, aspects of similarities and differences between the regulations of Russian and international standards in relation to the initial and subsequent valuation of financial instruments are systematized. The impact of the identified differences on the value of indicators of financial instruments in the accounting (financial) statements is disclosed.

Subject. The article discusses the way financial instruments are accounted for, and related issues. Objectives. We outline our recommendations to address problems concerning the financial instruments accounting technique. Methods. The study involves a critical analysis, synthesis, comparison, observation, analogies. Results. We prove the inadequacy of the regulatory framework for accounting for financial instruments of the Russian non-credit institutions. As discussed in the scientific literature on accounting for financial instruments, advisable methodological approaches were found to vary significantly. We justify our recommendations on addressing challenging issues of accounting for non-derivative and derivative financial instruments and provide our suggestions on accounting for financial assets qualified as cash equivalents, advice on separate accounting and recognition of financial liabilities, recognition of financial derivatives in accounts. Conclusions and Relevance. Currently, Russia's regulations govern only some issues of accounting for financial instruments. There are plenty of accounting aspects concerning derivative and non-derivative financial instruments that remain unregulated. As proposed in the scientific literature on accounting for financial instruments, methodological approaches significantly differ. International standards do not exhaustively govern complicated issues of accounting for financial instruments. Thus, research on accounting for financial instruments should continue. It is important to promote the regulatory framework for financial instruments accounting as long as a set of the Russian accounting standards are revised. The findings are of applied and theoretical nature for financial accounting.

No abstract

Subject. This article discusses the issues related to the formation of reporting information on financial assets and financial liabilities. Objectives. The article aims to develop recommendations for solving problems related to the formation of reporting information on financial assets and financial liabilities. Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analogy approach. Results. Based on the results of the study of the practices of forming reporting information on financial assets and financial liabilities by Russian and foreign organizations, the article offers and justifies recommendations for further improvement of the rules for the formation of reporting information on financial assets and financial liabilities in the system of Russian Accounting Standards. Conclusions and Relevance. Regulations of Russian and international standards have both aspects of unity and differences in approaches to the disclosure of information on financial assets and financial liabilities in the financial statements. The program of reforming Russian Accounting Standards can help solve the problems of reflecting information on financial assets and financial liabilities in the statements of organizations. The results obtained have both applied and theoretical areas of application in the field of financial accounting.

Subject. This article discusses the problems associated with the methodology of accounting for derivative financial instruments of non-financial organizations. Objectives. The article aims to develop recommendations for solving these problems. Methods. For the study, we used a critical analysis, synthesis, comparison, observation, and the analog approach. Results. The article shows the insufficiency of regulation of accounting for derivative financial instruments of Russian non-financial organizations, and it reveals significant differences in the interpretation of the economic essence of derivative financial instruments and the recommended methodological approaches to their valuation and accounting in the scientific literature. The article offers author-developed recommendations for solving problematic issues of accounting for derivative financial instruments of Russian non-financial organizations. Conclusions and Relevance. The current Russian accounting standards for non-financial organizations do not contain regulations on the accounting for derivative financial instruments. It is necessary to develop appropriate regulatory documents. The interpretation of the economic essence of derivative financial instruments, methodological approaches to their evaluation and accounting, proposed in the scientific literature, differ significantly. The results obtained have both applied and theoretical applications in the field of financial accounting.