Fixed Assets Accounting in Accordance with International and Russian Standarts

The paper contains a study of the methodology of transformation of reporting of accounting from Russian standards to international standards on the basis of the organization PJSC "FIT-service". The work consists of an introduction, three chapters, conclusion, a list of literature sources and applications. The purpose of the paper is to investigate the specifics of reporting in accordance with IFRS in relation to the fixed assets. To achieve this goal, the regulation of fixed assets was studied in accordance with Russian and international standards, and also the accounting reporting of fixed assets in PJSC "FIT-service" was analyzed. Based on this, a comparison was made between Russian and international reporting standards. The third chapter is a description of the transformation of reporting from the Russian reporting system to the international one. As a result, the best method of the aforementioned reporting transformation is determined in the work, this method of transition is described in detail by the example of transformation of PJSC "FIT-service" reporting, as well as recommendations on the transition from the Russian to the international reporting system.