Accounting of Сredit Operations in MFI.

The graduate work contains the research of accounting of credit operations in microfinancial institutions according to current accounting standards and new Industry standards. Moreover, I investigated main consequences for financial statements of using new accounting standards in Russian Microfinancial Institutions. The primary aim of the present research is to compare ways of accounting of credit operations according to new Accounting standards and Russian standards, basing on identifies differences between local and international Standards, and determine how value of financial investments vary when companies apply new Industry standarts. In this work I carried out analysis of Russian laws I described theoretical basis of activity of mircrofinancial institutions. Moreover I gave definitions to the key concepts of the research. In this work new Industry accounting standarts and Russian accounting standards were studied and generalized, what helps to identify the main differences in their construction. In the research I have used accounting method, which shows the main ways of reflecting operations in the financial statements. Moreover, I simulated economic situation of transition Microfinancial Company to the new Industry accounting standards. And using this method in this work I covered influence of new standards to financial statements and financial results of the MFI. To add to this, this work suggests the fragment of new accounting policy of microfinancial institutions and special Document for the calculation of amortized cost and accounting adjustments.