FBK and Clerk .ru conducted an online conference on the International Financial Reporting Standards

Under the internet conference of "Designing the company’s accounting policy: the possibility of convergence with the IFRS” Elena Tyutyunnikova, the FBK Accounting Processes Development and Standardization Department director, answered the questions of visitors to the Clerk.ru portal.

At the conference the answers were provided to more than 20 questions, among which:

• What are the specifics of designing the accounting policy for reporting in accordance with the IFRS?
• What should be focused on in the transformation of the statements?
• Will the IFRS supersede the Russian accounting standards or will they work in parallel?
• What should be focused on when doing the accounting in accordance with the IFRS?
• What are the advantages and challenges of using the International Standards?
• Where and how can one study the IFRS programs?

On the request of the participants in the online conference Elena Tyutyunnikova gave some practical recommendations on various situations in the economic activity

Speaking about the possibility of rapprochement of Russian standards of reporting with the international ones, Elena Tyutyunnikova noted that the general logic of accounting development in Russia is orientated towards the maximum convergence with the IFRS, however one should not be bent on it in everything and always.

Complete answers provided by Elena Tyutyunnikova can be found here.