Statistical Methods for Analyzing Financial Statements of Russian Organizations in the Context of IFRS Implementation

E.M. Akhmetshin, L.N. Demidova, N.A. Prodanova, O.V. Savchina, L.B. Trofimova and K.S. Ratnikov

European Research Studies Journal, 2018, vol. XXI, issue Special 3, 118-129

Abstract: In the context of the transition to international financial reporting standards (hereinafter - IFRS), issues of bringing Russian financial statements closer to an international format are of relevance. In order to develop Russian reporting adapted to the new requirements of the format, the authors have conducted polls of the accounting services of large, medium and small business organizations about the desirability of including the indicators from the minimum list of international reporting articles in their reports. Based on the methods used by the Institute of Statistics in the study of Russian financial statements methods of selective observation, questioning, methods of processing the data obtained, namely, calculating the proportion of reporting indicators using the A. Salai and V. Ryabtsev index, the authors justify the inclusion in the Russian financial reporting a series of indicators proposed by IFRS. The results of the study can be used in the transformation of statements, as well as in the construction of consolidated financial statements generated in Russia in accordance with the requirements of IFRS.

Keywords: IFRS; financial accounting; A. Salai index; V. Ryabtsev index; accounting balance sheet; financial results report (P&L statement). (search for similar items in EconPapers)
JEL-codes: C19 C89 M41 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ersj.eu/journal/1366/download (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxi:y:2018:i:special3:p:118-129

Access Statistics for this article

More articles in European Research Studies Journal from European Research Studies Journal
Bibliographic data for series maintained by Marios Agiomavritis ().