ABOUT CONVERGENT PROCESSES IN SYSTEMS OF NATIONAL ACCOUNTING AND REPORTING OF RUSSIA AND CHINA

In recent years Russia-China economic cooperation has been developing particularly actively. Accounting statements of enterprises of the two countries is the main source of information on their activities, financial position, sustainability and development prospects. Features of the national accounting statements are formed under the influence of national accounting practices. The result of performed analysis allows specifying the main limiting factors for the national accounting systems convergent processes on the way to IFRS and the identifying Russian and Chinese accounting systems features on the subject of their future harmonization and convergence.

Russia, China, accounting system, convergence, IFRS, national accounting model, accounting, accounting reporting, national accounting records, balance sheet.

Lymar’ M. P. About convergent processes in systems of national accounting and reporting of Russia and China // Business. Education. Law. 2017. No. 4 (41). P. 221–224.