Comparative Analysis of Accounting for Reclamation Reserves in Ras and Ifrs

Abstract

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.