COMPARATIVE ANALYSIS OF IFRS 7 “STATEMENT OF CASH FLOWS” AND RAS 23/11 «STATEMENT OF CASH FLOWS”
Nguyen Hoai Phuong1, Doan Ha Ly2, Sorokina Larisa Nikolaevna3
1Peoples` Friendship University of Russia, master degree in progress at the Peoples` Friendship University of Russia
2Peoples` Friendship University of Russia, master degree in progress at the Peoples` Friendship University of Russia
3Peoples` Friendship University of Russia, phd economics assistant professor Department of "Accounting, Audit and Statistics" Peoples` Friendship University of Russia
AbstractAnnotation: The article gives a comparative analysis of accounting standards IFRS 7 “statement of cash flows" and RAS 23/11 “statement of cash flows". In the analysis were identified advantages and disadvantages, the similarities and differences of the standards. In the result, it was found out, that differences between RAS and IFRS shows shortcomings of RAS. But Russian standard also has advantages that IFRS doesn’t. Based on the study results, that should be taken into account in order to improve the standard RAS 23/11.Keywords: cash equivalents, current operations, financial operations, IFRS 7, operating activity, RAS (GAAP) 23/11, statement of cash flows
Category: Economics
Article reference:
Comparative analysis of IFRS 7 "statement of cash flows" and RAS 23/11 «statement of cash flows" // Humanities scientific researches. 2016. № 10 [Electronic journal]. URL: https://human.snauka.ru/en/2016/10/17158
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