Accounting for non-financial tangible assets: Convergence with IFRS, achievements, challenges, prospects

Abstract

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.

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“…Известный исследователь и практик в области бухгалтерского учета, анализа и аудита, профессор Т. Ю. Дружиловская делает вывод, что искусственный интеллект в сложных ситуациях будет хорошим помощником при сохранении главенствующей роли интеллекта человека -бухгалтера [2].…”

“…Кроме того, с подобным заявлением выступил и глава Министерства финансов Российской Федерации Антон Силуанов, выделив бухгалтеров в ряд «отмирающих» профессий. Причиной этого глава Минфина России назвал развитие новых технологий 2 .…”