Abstract
The aim of the work is to identify the problematic aspects of the accounting policy for accounting and reporting information about financial instruments in the practice of organizations at the current stage of the innovation economy. The work methodology is based on a critical analysis of the IFRS regulations for financial instruments and the comparison of the accounting policies for financial instruments in the practice of the largest Russian organizations that report on international financial reporting standards (IFRS). The paper presents the results of a critical analysis and comparison of the regulations of various IFRS regarding the interpretation of the economic content, evaluation methodology and approach to reflecting financial asset indicators and financial liabilities in financial statements. The article presents the results of a comparison of the accounting policies of Russian organizations with respect to the recognition, classification, evaluation and reflection in financial statements of financial assets and financial liabilities. The paper substantiates the conclusions about the insufficiency of modern IFRS regulations to ensure the convenience of comparing reporting information about financial instruments of various organizations and about the significant degree of differences in relation financial instruments in their accounting policies. The article argues the high significance of reporting information about the financial instruments of organizations in the modern conditions of the innovative economy.
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Druzhilovskaya, T.Y., Druzhilovskaya, E.S., Korshunova, T.N., Denisova, I.P., Denisov, P.V. (2020). Accounting Policies for Financial Instruments of Organizations in the Modern Conditions of the Innovative Economy. In: Popkova, E., Sergi, B. (eds) Scientific and Technical Revolution: Yesterday, Today and Tomorrow. ISC 2019. Lecture Notes in Networks and Systems, vol 129. Springer, Cham. https://doi.org/10.1007/978-3-030-47945-9_169
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DOI: https://doi.org/10.1007/978-3-030-47945-9_169
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