Accounting and Audit of Revenue in accordance with Russian and International Standards

For any modern company, both large and medium or small, the indicator of revenue is one of the main indicators of effective activity and is under the scrutiny of all interested parties, including not only the owners of the company, but its real and potential shareholders, creditors and investors. In modern conditions of the process of adaptation of the Russian accounting system to international financial reporting standards significantly increase the requirements for reliability and objectivity of information regarding the sources and magnitude of the financial results of the company, the correctness of accounting and compliance with the latest regulatory changes. In this master's thesis, features of revenue accounting were studied in accordance with Russian and international standards, methodical approaches to auditing were analyzed, which allowed developing information and methodological support for revenue audit in the context of reforming its accounting system. The proposed methodology is based on the application of modern practice-oriented approaches, which makes this study particularly relevant and meets not only the requirements of regulators, but also the interests of members of the audit community who are faced with the problem of uncertainty due to the lack of practical experience in conducting audits in the scope of the new standard for revenue accounting IFRS 15 “Revenue from contracts with customers”.