Subject This article deals with the assessment of the usefulness of reporting information disclosed under the conditions of the two systems – IFRS and RAS. Objectives The article aims to substantiate recommendations aimed at elimination of discrepancies in the information, disclosed in IFRS reporting and reporting, prepared according to RAS. Methods The research methodology includes a comparative analysis of the provisions of Russian PBU 12/2010 Segment Information and IFRS 8 Operating Segments, aimed to disclose segment information, and a critical analysis of the practice of applying the above-mentioned standards by the major Russian PAOs (public companies). Results Based on the results of the comparative analysis, the article substantiates the substantial similarity of Russian PBU 12/2010 Segment Information and IFRS 8 Operating Segments provisions. The hypothesis on the identity of segment information disclosure by public companies according to the two types of financial statements is declared insolvent. Conclusions and Relevance IFRS reporting and reporting, compiled according to RAS, are not identical concerning the presentation of data, sometimes there are contradictions in the information disclosure even. The article concludes of the low forecast potential of the reports published by Russian companies. Participants of the market of audit services are recommended to present at least consistent information in the Russian and IFRS reporting.
Keywords: reporting, International Financial Reporting Standards, Russian Accounting Standards, business segment, quality of information
Rozhnova O.V., Kovaleva O.B. [Improvement of quality of accounting information on the performance of small and medium-sized enterprises]. Izvestiya MGTU MAMI, 2014, vol. 5, no. 3, pp. 34–36. (In Russ.)
Ilyukhina N.A., Sen'kova I.G. [The concepts of accounting financial reporting formation and the evaluation of the quality of accounting information]. Nauchnye zapiski OrelGIET = Scientific Journal of OrelSIET, 2014, no. 2, pp. 137–144. (In Russ.)
Ponomareva L.V. [Ensuring quality of disclosure of reporting information by joint-stock companies as instrument of attraction of investments]. Aspirant, 2015, no. 5-2, pp. 56–59. (In Russ.)
Druzhilovskaya T.Yu. [Conceptual Framework for Financial Reporting: A critical analysis of new approaches]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2017, vol. 20, iss. 10, pp. 596–610. (In Russ.) URL: Link
Kovshova E.A. [Relevance of the formation of segmental reporting]. Ekonomika i sotsium, 2016, no. 3, pp. 581–584. (In Russ.) URL: Link
Sazhina S.S., Sosunova L.S., Brykin I.A. [The importance of segmental reporting in the airline management process]. Uspekhi sovremennoi nauki = Modern Science Success, 2016, vol. 2, no. 4, pp. 61–63. (In Russ.)
Dadasheva B.M. [Segmental reporting for the assessment of responsibility centers]. Aktual'nye voprosy sovremennoi ekonomiki, 2015, no. 3, pp. 162–167. (In Russ.)
Vakhrushina M.A. [Significance, conditions and guidelines of the internal (segmental) statements]. Sovremennyi bukhuchet, 2000, no. 3, pp. 4–14. (In Russ.)
Kondrashova O.R. [Building management accounting by segment: theoretical and practical aspects]. Fundamental'nye issledovaniya = Fundamental Research, 2013, no. 11-9, pp. 1912–1918. URL: Link (In Russ.)
Akat'eva M.D. Bukhgalterskoe delo v usloviyakh segmentatsii biznesa: monografiya [Accounting in terms of business segmentation: a monograph]. Moscow, Moscow State University of Printing Arts Publ., 2013, 128 p.
Kutepov S.A. [Accounting policy for the purpose of segment accounting]. Vse dlya bukhgaltera = All for Accountant, 2014, no. 4, pp. 7–14. URL: Link (In Russ.)
Get'man V.G., Rozhnova O.V., Grishkina S.N. et al. Vnedrenie MSFO v Rossii: sostoyanie, problemy i perspektivy. Monografiya [Implementation of IFRS in Russia: status, problems, and prospects: a monograph]. Moscow, Financial University Publ., 2014, 120 p.
Plotnikov V.S., Yusupova I.V. [Consolidated and segment financial statements of the group of companies]. Filosofiya sotsial'nykh kommunikatsii = Philosophy of Social Communications, 2014, no. 1, pp. 10–17. (In Russ.)
Kurganova E.N. [Formation of accounting statements by segments]. Vse dlya bukhgaltera = All for Accountant, 2015, no. 12, pp. 15–21. (In Russ.)
Sokolov A.A. [Justification of the content of segmental reporting]. Auditor, 2002, no. 1, pp. 16–25. (In Russ.)
Bogataya I.N., Voloshina S.V. [Peculiarities of segmental reporting as an object of audit]. Vestnik Adygeiskogo gosudarstvennogo universiteta. Seriya 5: Ekonomika, 2009, no. 1, pp. 148–153. (In Russ.) URL: Link
Pashigoreva G.I. [Formation of the segment reporting in holding structures in construction (Russia, St. Petersburg)]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2014, no. 2, pp. 138–141. URL: Link (In Russ.)
Smirnova E.V., Tsyganova I.Yu. [A management approach to strategic segment reporting generation by organizations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2015, no. 39, pp. 35–49. URL: Link (In Russ.)
Kharisova F.I., Kozlova N.N. [Some Aspects of Methodological Provision of State Audit in the Russian Federation]. Vestnik ekonomiki, prava i sotsiologii = Review of Economy, Law and Sociology, 2013, no. 4, pp. 60–64. URL: Link (In Russ.)