Reasonable valuation of financial assets as a tool for reliable reporting and convergence of Russian and international accounting
( Pp. 110-114)

The main purpose is to study external factors that affect the valuation of financial assets. In the current economic circumstances dictated by the impact of the coronavirus pandemic, it is crucially important to develop a relevant and reasonable model for the valuation of financial assets. In view of the obvious tendency of convergence of Russian and international accounting, it is necessary to design common approaches not only in the method of reporting, but also similar procedures for assessing assets and liabilities. The development of federal accounting standards, which are largely based on the provisions of international accounting, stimulate the development and implementation of new procedures and methods in Russian accounting. We consider the financial leasing market a topical market for considering the prospects for convergence of Russian and international accounting. Results: The conducted analytical and methodological work allows us to develop a scheme for assessing financial assets, which would contribute to the formation of transparent and objective reporting, which is especially important in the current economic conditions. We believe modern accounting should be multifaceted and multifactorial, taking into account the influence of both past events and potential, future ones. The development of a methodology of evaluating financial assets based on the requirements of international accounting standards will improve the quality, transparency and relevance of Russian reporting. We also consider the use of mathematical methods in reporting a necessary and reasonable tool to help to minimize the role of professional judgment in reporting. Practical significance: The study contributes to the further convergence of accounting methodologies under IFRS and RAS. The methodology proposed by the authors can be used by various economic entities, since is fairly uniform.

Nurmukhamedova K.S., Mosunova O.Y., (2020), REASONABLE VALUATION OF FINANCIAL ASSETS AS A TOOL FOR RELIABLE REPORTING AND CONVERGENCE OF RUSSIAN AND INTERNATIONAL ACCOUNTING. Economic Problems and Legal Practice, 6 => 110-114.

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federal accounting standards, valuation of financial assets, fair value concept, convergence of Russian and international accounting.