Journal of Engineering and Applied Sciences

106
Views

0
Downloads

Challenges of the Practical Application of International Accounting Standard on Property, Plant and Equipment by Russian Companies

L.I. Kulikova, T.U. Druzhilovskaya and E.S. Druzhilovskaya
Page: 569-574 | Received 21 Sep 2022, Published online: 21 Sep 2022

By Research Area

Medicine & Public Health Life Sciences Engineering Mathematics Biomedicine Physics Chemistry Computer Science Earth Sciences Social Sciences Business and Management Psychology Materials Science Economics Education Environment Philosophy Statistics Law Political Science and International Relations Pharmacy Dentistry Energy Linguistics Geography Finance Criminology and Criminal Justice Medicine Cultural and Media Studies History Architecture / Design Literature Biomedical Sciences Religious Studies Education & Language Food Science & Nutrition Public Health

By Volume and Issue

Abstract

This study examines the problems of application of regulations of International Accounting Standards (IAS) on property, plant and equipment in the Russian practice. The researchers reviewed the consolidated financial statements of 40 largest Russian companies of non-financial sector, reported for 2013-2015. As a result, the most common options for property, plant and equipment accounting under IAS, chosen by the majority of Russian companies were revealed. Also, the main problems arising from the acceptance and subsequent accounting of property, plant and equipment according to IAS in the Russian practice are defined in the study. The researchers have proved proposals for addressing the identified problems.

How to cite this article:

L.I. Kulikova, T.U. Druzhilovskaya and E.S. Druzhilovskaya. Challenges of the Practical Application of International Accounting Standard on Property, Plant and Equipment by Russian Companies.
DOI: https://doi.org/10.36478/jeasci.2018.569.574
URL: https://www.makhillpublications.co/view-article/1816-949x/jeasci.2018.569.574