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There are such reasons when Russian enterprises are advisable to implement accounting systems accordingly with IAS and train their specialists in International Standards well as in transformation Russian system into IAS system.  

The reasons are as follows:

  • Bringing in foreign funds by means of allocation securities in stock markets;
  • Company image increase through publication of more accurate financial data;
  • Financial transparency increase and standing against such practice when accounting is formed accordingly with private interests;
  • Improvement of internal corporation management system by application of unified accounting system and terminology to run operation activity as well as risk reduction of wrong decision-making.