PROBLEMS OF TRANSFORMATION OF STATEMENTS IN ACCORDANCE WITH IFRS IN THE AIC ORGANIZATIONS

The article examines the problems of agricultural enterprises in transformation of statements in accordance with International Financial Reporting Standards. The urgency of these issues from the perspective of practice is justified. A comparative analysis of existing methods of reporting in accordance with IFRS is conducted. The author highlights the key issues that relate to the arrangement of transformation process and the problems associated with differences in accounting methodology of the Russian accounting system and the international system. The author proposed the use of the main stages of transformation of statements and of recommended methods of transformation of reporting, as well as the main directions of the methodological problems.

International Financial Reporting Standards, transformation of financial statements, parallel accounting, translation of entries, biological assets, agricultural products, evaluation of biological assets, fair value, active market, Russian system of accounting, international accounting system