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On the topic. The cost of a square meter of residential real estate in 2024. Forecast from an expert Reporting There are no strict regulations in Russia, but there is a historically established form that suits everyone and does not contradict IFRS standards. For example, for the financial position report, the form of the balance sheet is applicable, which can be compiled in 1C.
At the same time, Russian standards still differ from IFRS requirements in some places. But over time, these differences become less significant as updated federal accounting standards (FAS) are released. There are currently two ways to generate reports: If a company maintains IFRS reporting according to Russian standards, it can make adjustments to this reporting and obtain documents that comply with IFRS reporting standards.
This process has a term - the transformation method. The company maintains primary and secondary accounting according to IFRS requirements. There are accounting registers: tax, management and accounting. They can be used to maintain reporting for both Russian standards and IFRS simultaneously. In this case, transformation is not necessary. By the way, 1C has a special module that allows you to do this.
On the topic. The cost of a square meter of residential real estate in 2024. Forecast from an expert Reporting There are no strict regulations in Russia, but there is a historically established form that suits everyone and does not contradict IFRS standards. For example, for the financial position report, the form of the balance sheet is applicable, which can be compiled in 1C.
At the same time, Russian standards still differ from IFRS requirements in some places. But over time, these differences become less significant as updated federal accounting standards (FAS) are released. There are currently two ways to generate reports: If a company maintains IFRS reporting according to Russian standards, it can make adjustments to this reporting and obtain documents that comply with IFRS reporting standards.
This process has a term - the transformation method. The company maintains primary and secondary accounting according to IFRS requirements. There are accounting registers: tax, management and accounting. They can be used to maintain reporting for both Russian standards and IFRS simultaneously. In this case, transformation is not necessary. By the way, 1C has a special module that allows you to do this.