Białoruskie standardy rachunkowości środków trwałych na drodze transformacji do MSSF - aspekt stosowany
Belarus standards of fixed assets accounting on the way of transformation into IFRS. Applied aspects

Summary/Abstract: The global crisis has shown the importance of uniform standards, providing the requirements to the accounting and financial reporting, based on common methodological framework. Belarussian legislation for a long time has been away from the world’ approaches and rules of accounting. It was largely due to objective reasons − mainly the presence of state ownership and a closed economy. Nowadays the questions of creation of the reports, understandable for investors, especially foreign, is extremely urgent and actual. The article discusses the main differences between the treatment of fixed assets in the Belarussian legislation and in IFRS. Consideration has to determine the prospects of IFRS for Belarussian companies.

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