EVALUATION OF INNOVATIONS IN THE REGULATIONS ON ACCOUNTING IN 2016

Nowadays accountant must be familiar with all amendments in the field of accounting in order to re- flect data about financial activity of an organization timely and reliable. The Ministry of Finance of Russian Federation has moved some amendments in Book-Keeping Regulations in connection with stocks, invisible as- sets and capital assets this year. New rules are useful for economic entities, which practice cutoff accounting and accounting reports. We explored all changes and presented them in this article. Also we estimated all amend- ments, describe advantages and disadvantages of their application. Accountant should remember that using new rules should simplify their work and also should be profitable for enterprise