The approaches of capital formation in Russian and international financial reporting standards

摘要

In this article the economic essence of "capital" and the classification of items ofown capital in accounting registration system in the context of International Financial ReportingStandards (IFRS) and Russian Accounting Standards (RAS) are considered in details. Thecorrect classification of items of capital as own capital or liabilities is necessary for grantingreliable information about financial position and effective management in the organization. InRussian practice this case is regulated by the legislation. But the international practice operateswith professional judgment and therefore such problem meets enough frequently and it'ssolved is ambiguous.