THEORETICAL COMPONENT OF RAS: GAPS AND THEIR PRACTICAL CONSEQUENCES
Kim Yu. Tsygankov
Siberian University of Consumer Cooperatives, Novosibirsk, Russian Federation
Keywords: Russian accounting standards, financial statements, capital, profit, VBM, EBITDA
Abstract
The article examines the main theoretical provisions contained in Russian accounting standards and concerning financial statements in general and their key summary indicators. It is shown that these provisions are incomplete, are not definitions from a scientific point of view and do not reveal the economic meaning of capital and profit. Then, using specific examples, the practical consequences of the identified shortcomings are considered, consisting, among other things, in the emergence of many alternatives to the traditional accounting model, calling into question the expediency of its application.
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