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Subject. This article discusses the problems of accounting for non-financial tangible assets associated with the introduction of new FSBU (Russian Federal Accounting Standards) for commercial organizations and non-profit organizations outside the public sector. Objectives. The article aims to study and systematize the impact of the new FSBU regulations on the accounting for non-financial tangible assets, justify the convergence of this accounting with IFRS regulations, identify problems, and justify the prospects for their solution. Methods. For the study, I used the methods of critical analysis, synthesis, comparison, observation, and the analogy approach. Results. The article describes the impact of the adoption of the new FSBU on the accounting for non-financial tangible assets, such as inventories, fixed assets, investment real estate, biological assets. It identifies the degree to which this accounting is linked to IFRS regulations, as well as the problems associated with the recognition, evaluation and reflection in the reporting of non-financial tangible assets in the reporting of Russian organizations as a result of the introduction of the new FSBU. The article shows the prospects for solving the problematic aspects of accounting for non-financial tangible assets of Russian organizations. Conclusions and Relevance. The introduction of the new FSBU will help significantly bring the accounting for non-financial tangible assets to IFRS requirements. The introduction of the new FSBU does not eliminate all differences from IFRS requirements in accounting for and reporting of non-financial tangible assets of Russian organizations. Solving the problematic aspects of the introduction of regulations of the new FSBU will contribute to the prospects for further reform of the Russian accounting. The results obtained have both applied and theoretical applications in the field of financial accounting.

The International Financial Reporting Standards Board (IFRS) IASB currently works on the draft new IAS 1, which would significantly improve financial reporting regulations. The analysis of this draft allows to conclude that several innovations aimed at achieving this goal simultaneously lead to the emergence of new important problems in the above field reporting. The authors have already addressed to the future IAS 1 in the previous issue of the journal “Accounting. Analysis. Audit”. They paid attention to the connection with the changes in the names of financial reporting forms, regulations for dividing into six categories of income and expenses presented in the statement (reports) of profit or loss and other comprehensive income and expenses, as well as requirements in regarding the methods of recording operating expenses in this statement. This paper studies the remaining problems associated with the innovations of the above project, and to overcome them. The methodological base of the research includes a critical analysis of the content of the above project in the terminology’s results of the study identify the major problems caused by the regulations of the draft new IAS 1, and the rationale for recommendations for their solution. Also, the research will be useful to a wide range of readers interested in reforming approaches to financial reporting, can be used in the practical work of accounting departments, in the educational process of higher educational institutions and in the development and improvement of relevant accounting regulations.

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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.