Analysis of the conceptual differences between the system of international financial reporting standards and the russian accounting system

In this article, it was analyzed the conceptual differences between the systems of international financial reporting standards and the Russian accounting system, namely the principles and approaches. Explanations were made to the differences between financial and accounting reporting, both in Russia and in countries using international standards. The main differences in the central documents of financial reporting were also reflected. In addition, the article gives definitions of system terms, a brief history of implementation in the territory of the Russian Federation and gives specific examples of differences.