Impact of International Financial Reporting Standards (IFRS) on the formation of the national budget revenues
( Pp. 18-24)

The subject / topic. Russia's WTO accession, the requirements of the consolidated financial statements and accounting records, the new disclosure rules FSFM, the prospects for reducing the cost of external financing - this is only a partial list of arguments to increase the interest in this topic. In this regard, an important role is played by the popularization of IFRS. At present, many Russian organizations are reporting not only on Russia but also on international financial reporting standards (IFRS). In 2013, for the first time prepared and published their statements under IFRS, which fall under the Law №208-FZ "On Consolidated Financial Statements", to fix the duty of companies reporting under IFRS. In the first place to form the consolidated IFRS financial statements should companies (companies that control the activity of other companies or controlling the activity of other companies), credit institutions issuing publicly traded securities (stocks, bonds) and to submit such reports to the Federal Service for Financial Markets, audited . Now make IFRS large Russian companies, including Surgutneftegaz, Vneshtorgbank, Sberbank, Rosneft, Norilsk Nickel, Sibneft, and others. The purpose / goal. The purpose of this article is to study the relationship between financial accounting business entities and filling of income for national budgets. Financial accounting - is the basis for calculating the tax base and the amount of income tax, which in many countries is one of the main items of budget revenues. The correctness of accrual and payment of taxes is not only filling the revenue side of the national budget, but also the timely execution of budgetary obligations, ie, timely financial support for the expenditure side of the national budget. To achieve this goal you need to achieve the following objectives: to determine the composition and appointment of the financial statements; consider the need for transformation of financial statements in accordance with International Financial Reporting Standards; show the nature and features of the transformation of financial statements in accordance with IFRS. Methodology. To perform the work used regulations, statistical data, as well as the works of Russian and foreign authors. Results. The introduction of the Russian Federation, International Financial Reporting Standards (IFRS) is one of the most important components of the accounting reform. On how successful it will be an introduction to the Russian accounting system depends largely on the quantity and quality of the investments that Russia could potentially receive. Availability Reporting under IFRS Russian companies increase their transparency in the eyes of their foreign counterparts and potential investors. Thus, the preparation and publication of the accounting data according to international standards is a sign of how high quality of corporate governance and information transparency of the company. Conclusions / relevance. The practical significance of this work lies in the fact that the defined structure and functions of the financial statements; It identified the need for transformation of financial statements in accordance with International Financial Reporting Standards; It shows the transformation of the nature and characteristics of financial statements in accordance with IFRS.

Dudin M.N., Frolova E.E., (2016), IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) ON THE FORMATION OF THE NATIONAL BUDGET REVENUES. Gaps in Russian Legislation, 6 => 18-24.

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reporting, IFRS, transformation of financial statements, financial and management reporting, users of financial statements.