Rachunkowość aktywów finansowych w prawie bilansowym Republiki Białorusi i MSSF
Accounting of financial assets in the accounting law of the Republic of Belarus and IFRS

Summary/Abstract: The reform of accounting in the Republic of Belarus is being carried out towards the adoption of national accounting standards as close as possible to the International Financial Reporting Standards (IFRS). In recent years this area has undergone great changes, the basis of which was the Act of Council of Ministers of the Republic of Belarus of 04.05.1998 N 694 “On the State program of transition to international accounting standards in the Republic of Belarus” and a new version of the Law of the Republic of Belarus “On Accounting and statements”. The object of the article is the problems associated with the application of IFRS and the national normative acts used in Belarus in relation to financial assets. The article contains an analysis of the possibilities of the estimation of fair value of financial assets as well as the accounting of these groups of assets and their presentation in reporting, which determined the purpose of the research. As the methods of the research, deduction and reasoning by analogy are used.

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