The purpose of the study is to analyze the potential of using accounting estimates in the financial statements of companies from the standpoint of the development of IFRS provisions and explanations to them, as well as the prospects for the development of reporting standards towards the integration of financial and non-financial indicators. As a result of the analysis of the provisions of IFRS for the use of accounting estimates, a set of standards was determined that regulates the practice of applying specific estimated values, while revealing the absence of separate accounting estimates that are significant for the formation of financial statements. Based on the content analysis of the standards, the most commonly used evaluation methods applied to the calculation of estimated values have been identified. Th e draft s of international standards related to non-financial reporting are analyzed, and the sectoral specificity of accounting estimates is noted. An example of the relationship between indicators of financial and non-financial reporting is shown and an approach for integrating these types of reporting is considered. The directions of further development of IFRS in terms of accounting estimates are determined. The practical significance of the study lies in the possibility of expanding the practice of using estimated values in order to develop financial accounting and audit and integrate financial and non-financial indicators.

The purpose of this study is to assess the current situation and to determine the development of the formation and disclosure of reporting information of economic entities in terms of using the practice of certain types of estimated value. One of these issues is creating and calculating the amount of a reserve for reclamation or a reserve for the restoration of the environment. The article provides a critical analysis of international and national standards that regulate aspects of the formation of estimated liabilities. As a result of the analysis of standards and other key documents for calculating reserves for reclamation, conclusions were drawn about the degree of differences between IFRS and RAS that exist in the distribution of requirements and principles by standards. The practical significance of the study lies in the possibility of using the recommendations made by companies to increase the transparency of their reporting information, as well as to win the trust of stakeholders, which generally contributes to the sustainable development of the Russian economy and the solution of global challenges a society is facing.

The purpose of the study is to analyze the current practice of determination and disclosing of accounting estimates specifically provisions and contingent liabilities in the financial statements of Russian and foreign companies in the oil and gas, metals and mining and energy industries. As a result of the study, the use of accounting estimates in relation to the disclosure of ESG indicators was analyzed. Th e best practices for their disclosure in relation to financial estimations were identified. Based on the content analysis and comparative analysis of public reports, an industry-specifi c ranking of the disclosure quality was carried out. Th e practical significance of the study lies in the possibility to increase the transparency of corporate reporting for stakeholders through the introduction of best practices of the non-fiancial facts impact in terms of corporate governance.

Subject. This article analyzes the various types of value used in IFRS to assess assets and liabilities. Objectives. The article aims to conduct a comparative analysis of the types of value used in IFRS when assessing assets and liabilities, and identify the features of the use of fair value as a type of value, considering the use of certain levels of fair value and restrictions on their use. Methods. For the study, we used the systems analysis, comparative study method, information structuring, data grouping, deduction, and other methods of scientific research. Results. The article summarizes the advantages and disadvantages of each of the valuation methods described in the Conceptual Framework for Financial Reporting – IFRS. It systematizes the standards that use certain types of value, and analyzes the features of the use of fair value. The article also identifies factors that affect the ability to measure a higher level of fair value. Conclusions. Fair value is one of the most used valuation methods in international accounting practices. However, the use of fair value in estimating the value of reporting items is limited due to the complexity and high cost of its qualitative valuation. This makes companies use alternative valuation methods.