On the problems of comparing the interpretations of the concepts of «assets» and «liabilities» in RAS and IFRS
https://doi.org/10.34020/1993-4386-2025-1-161-168
Abstract
The article examines the problems of the discrepancy between the interpretations of the basic accounting concepts of «assets» and «liabilities» in international financial reporting standards and Russian accounting standards. The article analyzes the Russian regulatory framework of accounting, including the PBU, the FSB and the Concept of Accounting in the Russian market economy, as well as the Civil Code of the Russian Federation. As a result of the study, it is concluded that both the complexity of the definition and the terminological differences in the definitions of «assets» and «liabilities» in RAS and IFRS. It is proposed to draw attention to the need for more accurate and consistent use of terms in accounting statements in order to prevent misleading investors and ensure the correct presentation of financial information.
Keywords
accounting statements,
financial statements,
accounting terms,
assets,
liabilities,
accounting standards,
IFSB,
RAS,
FRS,
PBU
About the Authors
A. Ivanov
Vladimir Branch of the Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
Alexey V. Ivanov – Candidate of Economics, Associate Professor of the Finance Department
Vladimir
S. Chernoglazov
Vladimir Branch of the Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Russian Federation
Sergey A. Chernoglazov – student of Economics Faculty
Vladimir
References
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Review
For citations:
Ivanov A., Chernoglazov S. On the problems of comparing the interpretations of the concepts of «assets» and «liabilities» in RAS and IFRS. Siberian Financial School. 2025;(1):161-168. (In Russ.) https://doi.org/10.34020/1993-4386-2025-1-161-168
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